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...

Yesterday

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

The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

06 july 2020

GSI president emphasized the importance of grading reports from legitimate laboratories

20 february 2020

Debbie Azar, President and Co-Founder of Gemological Science International (GSI), emphasized the importance of grading reports from legitimate laboratories and buying diamonds and jewelry from reputable jewelry retailers. 

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Image credit: GSI


“Consumer confidence is the heart of our industry. GSI grading reports are important- not just for the consumer but for retailers as well. Some of the largest and most reputable retailers in the world like Zales, Kay Jewelers, Jared, Fred Meyer Jewelers, Helzberg, Reeds and many others, rely on grading reports from GSI so they know that the diamonds and jewelry they are selling to their customers are accurately represented,” Azar said in an interview to Bloomberg TV.
According to her, “the diamond industry provides a magnitude of social and economic benefits and sustains local economies and countries where diamonds are mined, polished and jewelry is manufactured”.
“Botswana is the world’s greatest development success story because of diamonds. The economic stability our industry provides helps to provide basic infrastructure, healthcare, education and clean water, ” Azar said.

Alex Shishlo, Editor of the Rough&Polished European Bureau