“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

TaTe Diamonds - a Namibian diamond company specialized in Namibian rough

Armed with degrees in Economics and Commerce and an MBA - specialized in Strategic Planning & Business Development, taShi Shiimi-ya-Shiimi is an executive, possessing many years of global experience in Information Technology and Strategic Management...

27 april 2020

ABN AMRO announces first financial loss in recent years

22 may 2020

abn_amro_logo.pngThe Dutch bank ABN AMRO, which also specializes in servicing the diamond and jewelry industries, reported a net loss in the first quarter of  €395 million, which is about two times higher than analysts' estimate. This is the first financial loss of the credit institution since 2013.
ABN AMRO's new CEO Robert Swaak said the losses were caused by significant damage due to two exceptional client cases, as well as 1.1 billion € provisions made to account for loans going bad amid the COVID-19 pandemic.
According to Swaak, ABN AMRO now intends to revise its global strategy with a focus on measures to combat money laundering and improve digital transformation.

Alex Shishlo, Editor of the Rough&Polished European Bureau