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

Richemont to use blockchain technology to bring transparency to its supply chain

06 august 2018
Richemont, the owner of leading companies in the field of luxury goods, including Cartier, will reportedly use blockchain to make its supply chain more transparent, according to CoinDesk.

Image credit: Richemont

Richemont’s board member, Jin Keyu, said that she saw great potential for the blockchain technology in the luxury goods business. This move will help bring more clarity to the giant’s supply chain. Tracing applications will make it possible to control the origin of diamonds and metals used in luxury goods.
“As Cartier’s parent company, we have recently decided to start using blockchain to trace the origin of diamonds, rocks and gold back to the mines or recycling factories,” she said.
Richemont believes that by implementing new tracking technologies it will ensure its customers that all the stones and materials used to create luxury products are authentic.

Victoria Quiri, Rough&Polished