“With technology all information is immutable and Blockchain cannot be compromised,” reassures Erik Jens, CEO, LuxuryFintech

When Erik A Jens quit ABN AMRO as global CEO of its diamond and jewellery client division, he started his movement called LuxuryFintech, which provides services such as commercial and corporate banking solutions for the art and jewelry sector, and asset-backed...

Yesterday

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...

18 january 2021

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

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