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

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