Innovation and automation can conquer any challenges

Rahul Gaywala, the CEO of STPL has been with the Sahajanand Group since 1993 and in his tenure with STPL, he has proved to be a hard-core innovator and technocrat intent on helping to transform the diamond trade from a labour-intensive industry to an...

Today

Memorial Foundation of Carl Fabergé continues to fulfill its tasks

Valentin Skurlov, Ph. D., who is an Honorary Academician of the Russian Academy of Arts, professor, scientific secretary of the Fabergé Memorial Foundation, consulting researcher studying the Fabergé heritage at the Russian department of the Christie's...

30 march 2020

Gaetano Cavalieri: We need to protect the long-term health of our industry

The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation...

23 march 2020

Sierra Leone mulls setting up entity to buy diamonds from artisanal miners

Sierra Leone will revise its Mines and Minerals Act that will, among other issues, pave way for the establishment of a State entity that can buy diamonds from artisanal miners, an official has said. The National Minerals Agency of Sierra Leone director-general...

16 march 2020

David Block, CEO of Sarine Technologies believes that AI will play a bigger role in the industry in the next few years

Armed with an MBA degree from the Kellogg-Recanati School of Business, and a Bachelor's degree in Computer Science from the Tel Aviv-Jaffo Academic College in Israel, David Block is the present CEO of Sarine Technologies, a worldwide leader in the...

10 march 2020

Indian diamond industry stakeholders to discuss shutdown today

17 march 2020
Surat Diamond Association (SDA) has convened an emergency meeting of diamond industry stakeholders to take a call on shutdown on Tuesday, according to a TOI report.
Industry sources said all the four diamond bourses in Antwerp trading halls - Antwerp Diamond Bourse, Antwerpsche Diamantkring, Diamond Club of Antwerp and Vrije Diamnthandel - have been closed from Monday till further notice.

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                           Image credit: Surat Diamond Association

Antwerp and Israel are two important diamond trading centres directly connected with Surat and Mumbai. Small and medium diamond units procure their rough diamond supplies from diamond traders in Antwerp. It is estimated that about 30% of rough diamonds out of total $19 bln imported into the country come from Antwerp.
Surat Diamond Association (SDA) president Babu Kathiriya said: “About 50% of polished diamonds cut and polished in Surat are passed from Antwerp to different parts of the world. As the trading activity has been shut in both Antwerp and Israel, we have convened an emergency meeting of industry stakeholders to decide on the future course of action. Majority of diamond units have reduced working hours from 12 hours to eight hours and many are keeping their units shut on weekends to control diamond production."

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