African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

Yesterday

“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

25 may 2020

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

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.