GJEPC will focus on demand generation for diamonds and jewellery in the next two years

Mr. Vipul P Shah, Vice Chairman, GJEPC and also CEO & Managing Director of Asian Star Co. Ltd. has a rich experience in the diamond industry. His business acumen and professional conduct have contributed significantly in transforming a diamond manufacturing...

13 july 2020

The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

06 july 2020

Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 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