An alliance between a diamond producer and a diamond manufacturer in Russia is simply inevitable and necessary

What is a diamond manufacturer’s margin composed of? What is the profession of diamond processing engineer about? How much time does it take to become a diamond cutter? How does a polishing factory work? The Russian Cut, is it alive? Lightbox from De...

15 october 2018

High technologies make it possible to create a product that can be obtained in natural stones only for very big money

Andrey Zharkov, having left the position of President at diamond mining company Alrosa, has established and headed the Ultra C company, which will be engaged in the production of diamonds from the reactor. In this interview with industry news agency...

08 october 2018

The once unorganised domestic jewellery sector in India is now growing

A veteran businessman, former Chairman of Gem & Jewellery Council (GJC), Bullion Expert, a third-generation jeweller born with a silver spoon (or was it gold?) in his mouth, a perpetual optimist … yes, the list could go on. As the first...

01 october 2018

India is poised to become a major fine jewellery market in the near future - Pramod Agrawal, Chairman GJEPC

Pramod Kumar Agrawal, the current Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a successful entrepreneur in his own right. Despite belonging to a jewellery business family, with his father dealing in gemstones...

24 september 2018

Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 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