New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing...

Today

The majority of women don’t care whether their diamonds are mined or lab grown - Alex Popov, CEO of Âme

Alex Popov, President of the Moscow Diamond Bourse and former Chairman of the World Diamond Mark Foundation (WDMF) launched a new jewelry brand under the name of Âme focused on design and using lab grown diamonds to produce jewelry meant to meet...

14 january 2019

At IDE, we encourage innovation throughout the bourse and have even opened a technological incubator to host start-ups - Yoram Dvash

A first generation diamantaire, Yoram Dvash founded ‘Y Dvash Diamonds Ltd’ in 1991 in Israel. While the company grew and made progress under his leadership, Dvash joined industry organizations such as the Israel Diamond Manufacturers Association (IsDMA)...

09 january 2019

Cooperation and collaboration are the development trend of today

Pavel Grankin runs the Slava Group of companies and holds the Slava trademark (‘Slava’ means ‘Glory’ in Russian). He has graduated from the Mozhaisky Military Space Academy. He did his military service at the Plesetsk Сosmodrome from 1987 to...

04 january 2019

De Beers speaks on Zim invitation to explore for diamonds again

De Beers’ exploration team landed in Zimbabwe in 1993 and left in 2006, however, they first prospected for diamonds in Marange in the late 1990s. Harare, under the leadership of the then president Robert Mugabe, alleged that De Beers looted diamonds...

24 december 2018

WGC: Global gold jewellery demand up by 6% in Q3

09 november 2018
Global demand for gold jewellery during the quarter ended September 30, 2018, rose by 6% year-on-year driven largely by stronger demand from price-sensitive consumers, and growth in key markets India and China, says World Gold Council in its quarterly publication, Gold Demand Trends.
The report said that gold jewellery demand rose from 505.8 tonnes during the same quarter last year to 535.7 tonnes during the current year.
Demand in India bounced back after two consecutive quarters of y-o-y declines, rising by 10% to 148.8t. A significant dip in gold prices in August also boosted demand in India, though currency fluctuations sent prices soaring again soon after.
China too reported jewellery demand of 174.2t in Q3, a 10% increase over Q3’17. Demand benefitted from the Qixi and Mid-Autumn festivals.
Middle Eastern jewellery demand remained under pressure in the face of geopolitical stress, down 12% y-o-y to 37.7t.
Iranian jewellery demand saw the largest fall in the region for the second consecutive quarter, down almost 60% y-o-y in Q3, while Turkey saw demand slump 31% due to a rising and volatile gold price.
Egypt marked the third consecutive quarter of growth with a 17% y-o-y rise in jewellery demand.

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