The diamond business is yet bright and has a good future in the coming days

Hitesh Patel, Managing Director of Dharmanandan Diamonds Pvt. Ltd., joined the family business in 1997 to help his father Laljibhai Patel, the founder of Dharmanandan Diamonds Pvt. Ltd. Egged on by its success, Hitesh set up the overseas presence of...

19 august 2019

The talk around LGDs is all hype

As a teenager, Luca Luterbacher began to design and manufacture single pieces and individual items for wealthy private family friends from Switzerland and Lichtenstein. In 2017, he finally invested in his own luxury trademark "Luterbacher."...

12 august 2019

Correct adjustment of advertising is the major challenge

At the recent Amberforum held in the Baltic city of Svetlogorsk, Andrey Yanchevsky, Head of the trade representation of the LA VIVION jewelery company shared his opinion with the correspondent of Rough&Polished on the state and prospects of the jewellery...

05 august 2019

Small-scale diamond mining is the future in Botswana – Leon Daniels

Pangolin Diamonds, which is currently the most active diamond exploration company in Botswana, has called upon authorities in the southern African country to include diamonds into the minerals permit for small scale mining operations. Pangolin chief...

29 july 2019

“There has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

22 july 2019

ALROSA CEO Sergey Ivanov pays official visit to Israel Diamond Center

14 february 2019
ALROSA Chief Executive Officer Sergey Ivanov paid an official visit to the Israel Diamond Exchange (IDE), where he was hosted by IDE President Yoram Dvash and IDE Managing Director Eran Zini, says a press note from IDI.

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         Image credit: IDI


As per the statement, while providing an overview of the Israeli Diamond Industry, IDE President Dvash called on ALROSA to expand its rough diamond supply to Israel. Dvash also explained that the Israeli industry focuses on large, high quality diamonds, with a cadre of expert craftsmen specializing in polishing large stones. “We don’t have mines or a large retail market in Israel, but we have history, knowledge and capital. What we don’t have is enough rough,” he said. In addition, ALROSA CEO Sergey Ivanov was shown several of IDE’s new initiatives – the Alibaba partnership, Technological Innovation Center, International Tender Center and newly launched Auction Center. Ivanov also met with IDE Board of Directors members Hezi Blum, Ezra Boaron, Zvi Zamir, Nissim Zuaretz, Meir Dalumi and Israel Diamond Manufacturers Association President Jacob Korn.
Emphasizing IDE’s importance to ALROSA, Ivanov reportedly stated that more than 100 Israeli companies compete in each of the multiple tenders of large rough stones that ALROSA holds in Israel every year. As to expanding rough supply to Ramat Gan, Ivanov said, “Israel is a major partner in our diamond business. We are ready to discuss new opportunities.”

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