“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...

18 march 2019

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

Huron Capital Completes Equity Investment in WD Lab Grown Diamonds

09 january 2019

Huron_ capital _logo.pngLeading middle-market private equity firm Huron Capital announced it had made a significant equity investment in WD Lab Grown Diamonds. Based in the Washington D.C. area, the Company is a leading producer of large, ultra-high-quality laboratory-grown diamonds for the jewelry, scientific and industrial markets, Huron Capital reported.
“The Huron Capital investment is expected to help us significantly expand our capacity in the fast-growing, high-quality segments of both the gem and industrial markets, and build our base of trade partnerships,” Clive Hill, WD founder and CEO, said.
WD holds an extensive portfolio of exclusive global licenses with the Carnegie Institution of Washington centered on the patented Chemical Vapor Deposition process and other methods to grow diamonds.
In May 2018, WD’s laboratories produced the world largest known gem-quality lab-grown diamond to date in a matter of months, compared with the billions of years it can take diamonds to form in the earth.
Lab-grown diamonds and mined diamonds have the same optical, chemical and physical properties, leaving their origin as their only difference. In July 2018, the U.S. Federal Trade Commission released its Revised Jewelry Guides, levelling the competitive landscape for the sale of lab-grown and industrially-mined diamonds to consumers.

Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished, Brussels