Diamonds: A cocktail of optimism, pessimism in the midst of Covid-19 pandemic

Rough & Polished’s Mathew Nyaungwa recently attended a webinar organised by CIBJO Communications to examine consumer demand at the time of the Covid-19 pandemic, importance of data, financial models and lab grown diamonds. The webinar, chaired by Edward...

10 august 2020

How Russkiye Samotsvety is coping with the current downturn

One of the key issues facing most Russian companies today is the need for an objective assessment of the new consumption decline due to the quarantine, as well as making forecasts for a way out of it. According to a RBC-Petersburg’s study made in June...

03 august 2020

Global rough diamond sales down 80-90% in value in Q2 –Zimnisky

The COVID-19 pandemic, which is spreading across the globe, having originated from China’s Wuhan has left diamond traders and buyers at sixes and sevens. Traditional diamond tenders were cancelled around March as governments imposed travel restrictions...

27 july 2020

Indian diamond and polishing industry requires forward integration - Dinesh Navadiya

Dinesh Navadiya is now the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India for the 3rd term. He is also the Director on the Board of the Gem & Jewellery Skill Council of India (GJSCI)...

20 july 2020

GJEPC will focus on demand generation for diamonds and jewellery in the next two years

Mr. Vipul P Shah, Vice Chairman, GJEPC and also CEO & Managing Director of Asian Star Co. Ltd. has a rich experience in the diamond industry. His business acumen and professional conduct have contributed significantly in transforming a diamond manufacturing...

13 july 2020

I. Hennig launched the new Virtual Broker platform

16 january 2020

hennig_logo.pngI. Hennig announced the launch of its innovative state-of-the-art online rough trading platform: “Virtual Broker”. 
Virtual Broker (VB) provides a secure environment for rough diamond trading where sellers and buyers negotiate online directly between themselves on a wide range of goods. Viewings of goods will take place at the Hennig Tenders offices in Antwerp and transactions will take place online through the new VB platform. 
VB sales events will operate with a new format where suppliers and buyers can negotiate and close deals online at any given time without having to wait until the end of an event. Any bids made on the platform are transmitted directly in real time to the sellers who can then decide how to respond. While the sellers remain anonymous, I. Hennig will handle all transactions with its secure, independent and reliable systems. 
VB provides an increased level of transparency and control for all participants, offering unfiltered access to buyers all over the world and providing additional features such as the “Buy-It-Now” function, the opportunity for selling/purchasing with credit terms, as well as mobile device accessibility.  
I. Hennig will provide full training to registered buyers on how to use the platform and its new and exclusive bidding tools during their viewing appointments or on request. 
The first sales event on Virtual Broker is planned for January 20th-24th 2020. 

Alex Shishlo, Editor of the Rough & Polished European Bureau