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

Mumbai’s BMC closes MDMA’s trading hall in BDB

20 march 2020

The Brihanmumbai Municipal Corporation (BMC) closed down the diamond trading hall of Mumbai Diamond Merchants Association (MDMA) at the Bharat Diamond Bourse (BDB) in Mumbai on Thursday 19 March ’20, according to TOI.
The MDMA hall has been shut down by the Maharashtra police as a precautionary measure in wake of the rising coronavirus cases in Mumbai.
The trading activity has been suspended until further notice. There will be no trading of diamonds until further notice. The decision was taken by the BMC to prevent the diamond traders from gathering in large numbers at the hall.
According to sources, this will impact diamond trading in Surat’s diamond markets. The diamonds are sent to BDB for trading and dispatch to the foreign countries. The diamond merchants in Mumbai won’t be able to trade diamonds which in turn will impact Surat traders also.

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