If real gems are replaced by artificial stones, it is not the difference in value that sellers may cheat you out, but the very idea that you are to obtain along with a jewelry piece made from a genuine stone

Elena Titova is the Director of the All-Russian Decorative Art Museum. The museum, which she heads, was founded fairly recently (less than 40 years ago), but it is one of the most popular and stylish museums of Moscow, famous, among other things...

12 november 2018

“We'll only work with mines and suppliers that can prove full and unquestionable traceability”, assures David Zabinsky, CEO, TRIGEM

Armed with a Bachelor of Science in Government & Legal Studies, and Spanish from Bowdoin College (Maine, USA), a multi-faceted professional, David Zabinsky has both international public and private sector experience, most recently managing an...

06 november 2018

The diamond market sentiment is cautious at the moment, especially in Europe

Born in Switzerland, Angelika Mavridou relocated to Thessaloniki (Greece) with her family, only to establish her own business JEWELLS GALLERY LTD, which was later transformed to S.A. Prior to venturing into her own business, she studied Gemology...

29 october 2018

Zimnisky talks about pink diamonds, De Beers’ Lightbox

An independent diamond industry analyst and consultant said although exceptional and ‘one-off’ diamonds are hard to assign a value to them, the Pink Legacy will likely fetch $2.64 million per carat when it goes under the hammer next month in Geneva...

22 october 2018

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

Global rough diamonds sale to cutting centres reaches $16.6bn – De Beers

14 september 2018
news_26072018_debeers.pngRough diamond sales to cutting centres increased by 2 percent to $16.6 billion last year, according to De Beers’ 2018 diamond insight report.
The group said it remained the largest rough supplier in 2017, but with a reduced share of 34 per cent from 37 per cent in 2016.
Alrosa’s share also decreased in 2017 to 25 percent of total sales from 27 per cent in 2016, it said.
De Beers said, without providing data, that sales of rough diamonds to cutting centres in the first half of 2018 were higher than the same period in 2017.
“Alrosa destocked 7 million carats in the first half to report an 8 percent increase in rough diamond revenues,” it said.
“While De Beers Group’s sales were lower in volume terms, sales values to cutting centres were maintained by higher prices and an improved mix.”
Meanwhile, the group said global diamond production values were estimated at $17.5 billion in 2017, a 15 percent increase on 2016.
“In volume terms, production increased 14 percent to 164 million carats. De Beers Group accounted for the largest increase in production volumes (+6.1 million carats), followed by Rio Tinto (+3.7 million carats) and Alrosa (+2.3 million carats).”
Russia retained its position as the largest producer country in carat and value terms.
Total diamond production in 2018 was expected to fall slightly from 2017 levels, due largely to Alrosa’s suspension of operations at the Mir mine and Rio Tinto’s guided fall in production at its operations.

Mathew Nyaungwa, Rough&Polished