“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

18 march 2019

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

Seasonal slowdown affects diamond marketing

02 august 2018

According to RAPAPORT, diamond prices saw a tiny decline during a seasonal vacation period. US suppliers were reluctant to give big discounts after a positive first half of the year.
After having returned from vacations, US retailers had difficulties restocking their supplies as they released their goods during the second quarter whin prices were up.
Prices for rough and polished diamonds remain relatively stable. Rough prices increased an estimated 4% in the first half of 2018.
US and China show steady interest in 0.50-carat, D to G, VS to SI diamonds and rising interest in 0.70-carat, G to J, VS to SI. There is a weak demand for small stones, says the note from the agency.
Currency exchange rates have negatively influenced Chinese and Indian local retailers’ budgets, who became interested in lower quality products. 
Yet, Hong Kong diamond sector has enjoyed a steady growth which is very encouraging before the September Hong Kong show and the October 1 Golden Week retail season. The optimistic mood, which is prevailing in the US and Chinese diamond sector, supports the market for the second half of the year.

Victoria Quiri, Rough&Polished