“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...


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

Carats.io and IDEX sign MoU to create an effective synergy

09 august 2018

Fintech startup Carats.io and online diamond-trading platform IDEX - International Diamond Exchange, have announced that they have signed a Memorandum of Understanding (MOU), says a press note from both the organizations.

Image credit: Carats.io

According to the statement, the two will cooperate in the areas of data analysis and the development of new financial vehicles for both the diamond industry and general public. These will be based on Carats.io's Diamond Financial index (DFX) and its CARAT coin. IDEX will serve as an escrow company, supporting Carats.io in its acquisition of diamonds to back the digital CARAT coins that it issues, providing diamond-buying and logistics services from sourcing to vaulting.
Eli Avidar President of Carats.io said, “We are delighted to announce our cooperation with IDEX. Its worldwide reach, excellent international position, and its exceptional strength in Antwerp will enhance our business operations, especially since Carats.io is UK registered."
"We are pleased to be cooperating with Carats.io, and to be able take advantage, on behalf of the diamond industry, of the synergies created by our two organizations working together," said Ehud D. Cohen, IDEX's Chairman.

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