“With technology all information is immutable and Blockchain cannot be compromised,” reassures Erik Jens, CEO, LuxuryFintech

When Erik A Jens quit ABN AMRO as global CEO of its diamond and jewellery client division, he started his movement called LuxuryFintech, which provides services such as commercial and corporate banking solutions for the art and jewelry sector, and asset-backed...

Yesterday

Diamonds across time

Not so long ago, the global library of professional publications on precious stones was replenished with a unique book about rare diamonds and diamond jewelry published by the World Diamond Museum. Alex Popov, the founder and director of the museum told...

18 january 2021

Academician Pokhilenko: The situation with rough diamonds in the Russian Federation will start changing for the worse as early as 2025

Nikolai Petrovich Pokhilenko, Academician of the Russian Academy of Sciences (RAS), Deputy Chairman of the Siberian Branch (SB) of the RAS, Scientific Director of the Institute of Geology and Mineralogy of the SB of the RAS, is a prominent...

11 january 2021

Ilgiz Fazulzyanov: For a creator, the quarantine is the time to work on future masterpieces

Ilgiz Fazulzyanov is a successful and internationally recognized jewellery designer. He received his academic art education in Kazan and moved to Moscow in the 1990s where he lives and works now. His brand, Ilgiz F., is well known among true connoisseurs...

04 january 2021

Botswana Diamonds keen to mine KX36 kimberlite if found commercial

Botswana Diamonds intends to mine the KX36 kimberlite, which it recently acquired from Petra Diamonds if found commercial. The high-grade KX36 kimberlite pipe is part of the three Prospecting Licenses in the Central Kalahari Game Reserve in Botswana...

28 december 2020

Hong Kong’s jewellery retail sales on ‘free fall’; records steepest decline in October

04 december 2019
According to the government’s data released recently, the Retail sales in Hong Kong continued their downward trend in October, with the jewellery category recording the steepest decline.
The Census and Statistics Department said total retail sales in October plunged 24.3 percent, the largest year-on-year decline for a single month on record, due to increasingly violent social incidents in the city that disrupted consumption sentiment and tourist arrivals.
Retail sales of jewellery, watches and clocks, and valuables were down 42.9 percent; followed by clothing, footwear and allied products, which fell 36.9 percent; and department stores, which recorded a 31.1 percent drop.
Data from the Hong Kong Tourism Board meanwhile showed a 43.7 percent drop in tourist arrivals to Hong Kong in October to 3.31 million from 5.88 million during the same period last year.

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