African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

01 june 2020

“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

25 may 2020

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

Hong Kong’s jewellery sales decline by 78.5% in February

03 april 2020

According to the Hong Kong government, the COVID-19 pandemic has further dented jewellery sales in Hong Kong registering a 78.5 per cent decline y-o-y in February. 
During the first two months of the year, retail sales of jewellery, watches and clocks, and valuable gifts were down 58.6 per cent as per data from Hong Kong's Census and Statistics Department.
Overall retail sales dipped 44 per cent y-o-y in February. 
According to the Hong Kong government, the retail business is expected to remain subdued in the near term, with the new pandemic severely impacting inbound tourism and local consumption.
The Hong Kong Retail Management Association said that a 30 per cent to 50 per cent dip in overall sales during the first half of 2020 is highly likely.

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