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...

Today

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

Russia and India sign MoU on diamond industry development

14 august 2019

Indian Minister of Trade and Industry Piyush Goyal led the largest Indian business delegation to pay a business visit to the Far East ahead of the 5th Eastern Economic Forum, which will be held in Vladivostok from September 4 to 6, according to media reports.
Following the visit, the heads of the Far Eastern regions and Indian states signed the memorandums of understanding, among other things, on the development of the diamond industry in the Far East, according to TASS.
Representatives of India and the Far East also discussed opportunities for cooperation in the fields of energy, agriculture, logging, infrastructure, high technology and IT.
“Our visit marks the consistent interest of India in the Far East at the level of our government and regions. We attach great importance to the development of trade and investment cooperation. We have a common goal to reach $30 billion in bilateral trade. We also intend to increase India’s investment in Russia,» Piyush Goyal was quoted as saying.
The MoU on diamond industry development was signed by the Chairman of the Government of the Republic of Sakha (Yakutia) Vladimir Solodov and the Chief Minister of Gujarat, Vijay Rupani.
The state accounts for 72% of Indian jewelry exports. As part of the memorandum, India also intends to cooperate with Russia in the trade, economics and scientific-technical fields, says yakutia.24.
Previously, it was reported that two Indian diamond companies have already started working in Vladivostok, and two diamond-cutting centers are currently being formed in the Far East.
In 2018, diamond exports from the Far East amounted to 35.2 million carats worth $ 2.88 billion, and in the first half of 2019, the turnover of Primorye with India increased by 22% compared to the same period in 2018 and amounted to almost $26 million.
Country representatives will continue discussions on bilateral cooperation within the 2019 Eastern Economic Forum.

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