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

De Beers rough sales slide again

17 october 2018
news_26072018_debeers.pngAnglo American said the value of rough diamonds sold by De Beers dropped to $475 million during the eighth cycle of 2018 compared to $503 million recorded in the seventh cycle.
The value of the seventh sale, which was initially set at $503 million, was also a 5.6 percent decline from the sixth sale value of $533 million.
Although the value of diamonds sold during the period under review was still provisional, it was a 26,3 percent jump when compared with $376 million realised, a year earlier.
“While the Rupee-Dollar exchange rate has impacted demand for lower value categories, we continue to see steady overall demand for De Beers Group rough diamonds, reflecting ongoing consumer demand for diamond jewellery in the US,” said group chief executive Bruce Cleaver.
De Beers, which was 85 percent-owned by Anglo American, gave diamond buyers an opportunity to re-phase the allocation of some smaller, lower value rough stones.
Bloomberg had at the time cited unnamed sources as saying that the market had been hurt by too much supply, lower profit margins in major cutting centers such as Surat in India and the depreciation of the Indian rupee.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished