Colorless diamonds as an investment class are evolving beyond their traditional ability to preserve, relocate and pass on wealth

Antonio Cecere, the Founder & VP of Monaco Diamond Exchange dons many caps simultaneously. Currently, he is the President of Geneva Diamond Exchange, the President of Diamond Investment Club and the Principal of the Cecere Group. Antonio’s ability to...

15 april 2019

Jewellery with diamonds, even with small ones, sells better than without diamonds

The Yakut jewellery firm Kierge was set up 25 years ago on the basis of the jewellery workshop PKF Yakutrembyttekhnika which, in its turn, was founded way back in the 1970s. Over this period, Kierge turned into a well-established company successfully...

08 april 2019

Lucapa’s Wetherall on the past, present and the future

Lucapa Diamond chief executive Stephen Wetherall recently attended a mining conference, in Cape Town South Africa, where he met Rough & Polished’s Mathew Nyaungwa and granted him an exclusive interview. They discussed Angola’s first international diamond...

01 april 2019

India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...

25 march 2019

“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

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