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’s 14.83 ct Spirit of the Rose may become one of the world’s most expensive diamonds

15 august 2019

Russian miner ALROSA intends to sell its 14.83 ct pink diamond «The Spirit of the Rose» in November this year, the company’s spokeswoman Evgeniya Kozenko was quoted by Bloomberg as saying.
Eden Rachminov, the chairman of the board of the Fancy Color Research Foundation said that the stone may be worth $60 million to $65 million, which makes it one of the most expensive pink diamonds ever sold. 
The Spirit of the Rose was graded by GIA as fancy vivid purple-pink with excellent clarity, excellent polish and very good symmetry, says the report.  

                                Image credit: ALROSA

The oval crystal, which was unearthed by ALROSA in 2017, was named after the ballet Le Spectre de la Rose. Initially the stone weighed 27.85 cts, it took Alrosa’s cutting factory one year to prepare and cut the diamond. 
The representative of Alrosa’s press service didn’t comment on the estimated price of the stone but added that it will become the most expensive polished diamond in Russia, according to Bloomberg.
The company has chosen to sell diamond at a time when Rio Tinto’s pink diamond mine Argyle is depleting. It used to be the largest source of pink diamonds in the world. 

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