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...

Today

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

‘We expect to completely open the Bourse for business by Q1 of the Year 2022,’ assures Vallabhbhai Patel, Chairman, SDB

Vallabhbhai Patel, Chairman of the Surat Diamond Bourse, dreamed of building the world’s largest commercial building in Surat for the Indian diamond industry. He conceptualized the ‘Surat Diamond Bourse’ (SDB), which is set to redefine...

21 december 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