“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

24 june 2019

Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

17 june 2019

Design is the key to all markets

Besides being an astute businessman, Mumbai-born Laksh Pahuja is a designer par excellence known globally for his awe-inspiring unusual jewellery pieces. Trained at the Gemological Institute of India and Harrow College of Art England, Laksh combines...

10 june 2019

Mutual mass destruction will not serve anybody’s purposes

The recent moves by the U.S. Federal Trade Commission (FTC), including its letters urging some companies to abide to the revised edition of FTC Jewelry Guides and the explanations from FTC attorney Robert Frisby posted on the FTC website were...

03 june 2019

Pavel Sokolov: Every stone has its beauty

THE ‘GEMSTONES BY SOKOLOV’ brand has been popular for over 25 years. The aim of this company is to supply any kind of gem studs to the Russian market including the unique ones except diamonds of any cut. The product range by the SOKOLOV Company is very...

27 may 2019

"Yakut Diamond Company" will pay its debt in jewelry

16 april 2019

The bankrupt Yakutsk Diamond Company was called by the Arbitration Court of Yakutia to pay the debt to PJSC Sberbank in jewelry arrested by bailiffs, regnum.ru reports.
The report said that the company owed the bank 209 million rubles.
Yakutsk Diamond Company also had liabilities to the Almazergienbank JSCB (debt 272.7 million) and OJSC International Finance Club (597.2 million), but the court ruled in favor of Sberbank, as it was the first to have appealed for the payment of the debt with jewels.
According to the agency, in December 2015, the Belgian company VITRAAG b.v.b.a. also submitted an appeal to the court requiring to pay the amount of 106.6k dollars and 38.8k rubles of state duty.
The Yakut Diamond Company was declared bankrupt in April 2017.

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg