“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

Yesterday

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

Israel’s diamond trade stabilises in 2018

09 january 2019

According to figures from the Diamond, Gemstones and Jewelry Administration of the Israeli Ministry of the Economy, the country’s net polished exports stabilised in 2018, totalling $4.48 bn.
Israel’s net polished diamond imports totalled $3.04 bn, while net rough diamond exports stood at $2.25 bn, and net rough imports totalled $2.66 bn. While polished exports fell by 2.5%, imports of polished diamonds rose 4.1%, and rough exports went up by 1.1%.
Israel Diamond Exchange (IDE) President Yoram Dvash noted, “After several very challenging years we have begun to see early signs of recovery and we are cautiously optimistic about the future. I’m very glad that the decrease in polished exports has been stopped, and indications are that our industry is headed for a better year in 2019.”
The US is still the primary market for gross polished exports with 48% of the market, followed by Hong Kong with 28%, Switzerland 8%, Belgium 7%, the UK 3% and other countries 6%.

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