“Up till now there has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

Today

Unifying role is the main objective of the National Gemological Association

Yuri Shelementiev runs the Gemological Centre (GC) at the Moscow State University and is a president of the National Gemological Association (NGA) uniting the gemologists of Russia. The head of the MSU’ GC and the NGA answered the R&P’s...

15 july 2019

“Our goal is to bring clarity to the offering of Lab Grown Diamonds”, asserts Chris Casey, President, Lab Grown Diamond Council

Chris Casey is a 15-year veteran of the diamond and jewelry industry.  Chris also has extensive experience in market research as Founding Managing Director of the NPD Diamond and Diamond Jewelry Service where his responsibility included the...

08 july 2019

Dr. Michael S. Krzemnicki: Our dedication to scientific research is an important foundation to our expertise

Dr. Michael S. Krzemnicki, PhD, Director of the Swiss Gemmological Institute SSEF, in an interview with R&P told about the activities and plans of one of the world's leading Gemological laboratories specializing in scientific research of diamonds...

01 july 2019

“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

24 june 2019

WFDB President Blom indicates strong end-of-year results for diamond and jewelry industry

05 december 2018
ernie_blom_xxn.jpgErnie Blom, President- World Federation of Diamond Bourses (WFDB) says the diamond and jewelry industries appear to be heading for a strong end of the year according to import and export figures and other reports in recent weeks.
India recently reported a 19-percent rise in exports in October in its latest results, while Belgium posted a 17-percent increase. Meanwhile, US retail industry research groups are predicting a rise in holiday season sales of around 5 percent.
"The figures are looking upbeat," said Blom. "Exports of polished diamonds showed a significant increase in two of the most important centers – India and Belgium. Meanwhile, forecasts for the holiday season in the United States are very promising as a result of the strength of the US economy. And we saw record-breaking figures for consumer purchases on Black Friday and Cyber Monday last month.”
"In addition, in Hong Kong, sales of jewelry and other luxury goods came back strongly after the decline in September caused by Typhoon Mangkhut.
And just this week we saw a report on a survey carried out last month by the Diamond Producers Association according to which more than 53 mn US consumers intend to buy a diamond during the extended festive period from Thanksgiving to Valentine’s Day. These figures can give us great confidence as we end 2018 and approach the New Year. Of course, not all the indicators are heading upwards and the global geopolitical situation can always surprise to the downside. But, all in all, I believe the overall situation is looking good. We can expect to see good sales results and strong restocking in the coming weeks," Blom concluded.

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