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

China’s young customers now take an interest in lab-grown diamonds

07 october 2019

While a section of the press claims that Chinese millennials are the major buyers of high-end real diamond jewellery in the country, the other section claims otherwise.
As the cost of the lab diamonds has declined by up to 90 per cent in the last 10 years, a report says that it’s not mined gemstones but the young customers in China are taking interest in lab-grown diamonds, which sparkle and shine like a real diamond.
The cheaper alternatives to mined gemstones are reportedly becoming popular among young customers. So much so, the lab-grown diamonds have started to shake up the $87 bln consumer market.
The report mentioned Li Zheng, research manager at Leadleo Research Institute, a market research provider, who said that the cost of making a lab diamond is about 30 pc lower than the cost involved in mining a gem of similar size and quality.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished