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.

Yesterday

Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

Johan Erikson: The industry needs to spend more on advertising and marketing

First Element is a fully independent Diamond Services Company registered in Belgium, Botswana, South Africa and Dubai. First Element is committed to providing a world class diamond service aimed at adding value to the entire supply chain, from the daily...

08 june 2020

Stargems, Rachminov ink joint venture

12 march 2020

Stargems and A.A. Rachminov have signed a joint venture that will see the companies “pool” their respective sourcing and marketing resources.
“Our alliance will enable mother nature's gift to us to be sourced and manufactured by the people that should benefit from them and ultimately reach the right people who can appreciate and treasure these wonderful creations," Stargems chairperson Shailesh Javeri was quoted as saying by IdexOnline. 

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Image credit: Capri23auto (Pixabay)



The partnership was said to take advantage of Stargem's rough sourcing capabilities as an accredited DTC buyer and A.A. Rachminov's 80-year reputation for polishing, marketing and distribution.
The stones will be sourced in South Africa and the bulk of the manufacturing will take place at Stargems' cutting facility in Johannesburg.
"We'll have the luxury to be present from the birth of diamond until it reaches our esteemed clients hand, enabling better value, top quality stones, and refined traceability,” said Ori Rachminov of Israel-based A.A. Rachminov.
“We only see incredible potential in this strategic partnership." 

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished