Demand will pick up once the season starts

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business...

14 october 2019

Prospects for discovering new diamond deposits in the Arkhangelsk Province are far from exhausted

ALMAZINTECH is engaged in technical auditing and comprehensive assessment of activities performed by exploration, diamond mining and gold mining businesses in Russia and other countries, as well as carries out research and development. It employs highly...

07 october 2019

Botswana Diamonds eyes expansion of Thorny River to include Marsfontein – Campbell

Botswana Diamonds, which has a 40% stake in Thorny River, through Vutomi, said there are plans to expand the project located in South Africa to include Marsfontein once a mining permit for the latter has been awarded. Company managing director James...

30 september 2019

Diamond knife and tender system: The tight-fisted paying twice?

LLC Kristalin is the only company in Russia that manufactures microsurgical diamond blades for domestic healthcare that meet international requirements and are used in ophthalmology, neurosurgery and plastic surgery. Mikhail Zhiltsov, the company’s Deputy...

23 september 2019

Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished...

16 september 2019

Russia’s Ministry of Finance intends to sell small diamonds from the State Fund

01 october 2019
news_17092018_minfin.png(TASS) - In the next three years, Russia’s Ministry of Finance intends to sell small-sized diamonds in the market due to the threat from synthetic stones, which may replace them, according to the documents prepared for the country’s draft budget for 2020 and for the planning period of 2021-2022.
"It is planned to sell small-sized diamonds due to the threat that they may be replaced with synthetic stones and it is also planned to sell other low-liquid valuables that are not of interest for long-term storage in the State Fund of Russia," the Ministry of Finance said.
Proceeds from the sale of precious metals and precious stones from the State Fund in 2020 will amount to 6.5 billion rubles, in 2021 - 5 billion rubles and in 2022 - 4.5 billion rubles.