Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Israel's diamond industry remains idle

19 may 2020
Israel Diamond Exchange in better days                                                                                      Image Credit: IDE

While the Israeli economy is slowly returning to normal as COVID-19 measures are gradually relaxed, Israel's diamond industry continues to be at a standstill, as the Tel Aviv diamond bourse remains closed and the diamond district as a whole is still a ghost town, the Diamond Loupe writes, citing Reuters.
While the activities in other major hubs, like Antwerp, have resumed, the Israeli diamond community is struggling to reopen production and trading facilities and comply with continued restrictions and social distancing measures.
According to Reuters, Israel's diamond trade decreased by 90% compared to the same period last year, and the industry missed out on some US$ 1.5 billion in transactions in the past two months alone. As stated by Yoram Dvash, President of the Israel Diamond Exchange, the industry leaders are yet to receive news on additional financial government guarantees they have requested to expand the US$ 850 million in existing credit lines to US$ 1 billion.
Alex Shishlo, Editor of the Rough&Polished European Bureau