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...

Today

“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

De Beers scaling up Tracr ahead of formal launch

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13 may 2019

The perfect couple - platinum and diamonds

The Jewelry House of Leon Megé located in New York has long been firmly established in the jewelry market as a source of magnificent jewelry, in which platinum and diamonds often sparkle being married together and attracting everyone’s eyes, but are...

06 may 2019

The technology of growing single-crystal diamonds has now become industrial in nature

It is believed that the reserves of natural diamonds will be exhausted by the middle of the century, and therefore production of synthetic diamonds is rapidly gaining relevance. According to Business Insider India’s estimates, the global synthetic diamond...

29 april 2019

Lucara wants $1.5 bln transacted through Clara

07 may 2019

lucara_news.pngLucara Diamond is targeting to get $1.5 billion transacted through its wholly-owned digital sales platform, Clara Diamond Solutions, according to a report.
It launched the platform after a series of trials that saw sales achieving over 8% of its market price, according to a report.
“If we can get to $1.5 billion transacted through the platform, the cash flow we generate from Clara will be as important as the cash flow we generate from the mine," Lucara chief executive Eira Thomas was quoted as saying. 
“We’re taking baby steps right now, but each quarter we’ll report, we expect the volume to increase.”
The annual global diamond trade was valued at $18-billion.
The new platform saves buyers the trouble of traveling to Botswana and it also brings to an end the practice of buying stones by the bucket. 
“For the first time ever, manufacturers buy only what they want, they don’t have to carry all this extra inventory,” said Thomas.
“The large integrated jewelry companies don’t want to be in the business of secondary trading. They’re just trying to source diamonds for their own products.”
Clara uses proprietary analytics, with the latest cloud and blockchain technologies, to sell rough diamonds individually, based on polished characteristics and demand. 

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished