“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

China & Hong Kong jewellery markets record strong sales in 2018


10 january 2019
China and Hong Kong’s retail sales in jewellery markets have recorded strong growth from January to November of 2018 as against Jan-Nov sales in 2017.
While China’s sales of gold, silver and jewellery rose 8.1 per cent, sales of jewellery, watches and clocks, and valuable gifts in Hong Kong went up by 16.1 per cent. China registered a 5.6 per cent year-on-year growth in jewellery retail sales in November alone, while Hong Kong reported a 3.9 per cent decline. However, Hong Kong’s October sales increased by 3.2 per cent.
The Hong Kong government said that the overall retail sales registered modest growth in November after gaining traction in October. The moderate growth in retail sales in recent months is attributed to the cautious consumption in the face of the US-China trade war and uncertainties in the global financial markets.

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