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

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