Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

Yesterday

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 2018

Chasing a dream…

Elina Chan, MD of Shenzhen Shi Qing Yu Zhubao Ltd completed her higher education from Xiamen University and Master’s degree from Hong Kong University. To achieve her dream to start a business, Elina gave up numerous job opportunities in Hong Kong and...

06 august 2018

Pangolin Diamonds using termites to find kimberlite indicators in Botswana

It is not a secret that the rate of kimberlite discovery in Botswana has dropped considerably and research has shown that termites can help diamond explorers have an understanding of the transport mechanism of kimberlite indicator minerals from the kimberlite...

30 july 2018

In another fifty years, we’ll have a different scale of valuation, and all those items of natural origin – including diamonds – will sharply increase in price

Within the framework of the Qatar-Russia 2018 Year of Culture, the World Diamond Museum hosts an exhibition of the Qatar Museums at the State Historical Museum in Moscow – "Pearls: Treasures of the Seas and the Rivers," that opened on 11 July...

24 july 2018

IDE bans two traders for switching natural diamonds with lab grown stones

06 august 2018
The Israel Diamond Exchange (IDE) has banned two bourse members for allegedly replacing natural diamonds of D-color, high-clarity polished diamonds weighing 3 to 5 carats with lab-grown stones, says a report in diamonds.net.
The suspect traders visited a company’s office in the bourse to view the goods.The firm later discovered the misdeed when it checked the three stones in a detection machine. Closed-circuit television footage helped the firm track down the suspects.
The case involved “switching stones worth hundreds of thousands of dollars at the expense of another bourse member,” Israel Vanchovsky, the IDE’s deputy director general had reportedly said earlier last week. However, the Bourse executives investigated the case and reported the suspected fraud to the police last week.
While IDE has expelled one of the trade members for life, it has banned the other suspect for 37 months, ensuring that he has to go through the full admission process if he wishes to return to the bourse.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished