“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

Venezuela and Palestine sign a diamond production agreement

13 march 2019

Venezuela and Palestine have signed a strategic agreement on the production of diamonds. Ria Novosti has quoted Venezuelan President Nicolas Maduro as saying in his speech during the official signing ceremony broadcast on his Twitter channel.
"Let us talk about the plan to produce diamonds. Venezuela has the largest diamond reserves in the world. We have oil, gold and diamonds. God supplies us … We are witnessing the signing of a big alliance between a Palestinian company and 154 small diamond production alliances, [operating] in the area of the Orinoco River," Maduro said.
As per the report, the President  intends to restore the Venezuelan economy, which was badly damaged by the crisis. 
According to data provided by the Venezuelan Ministry of Environment and Mines, 85% of the diamonds found in Bolivar, especially in the Orinoco River, have all the necessary qualities and meet the recognized standards of cut, weight, purity and color. In 2014 diamonds became a part of the international reserve of Venezuela.

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