“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

DMCC stands by DDE’s commitment to transparency

19 june 2020

The DMCC (Dubai Multi Commodities Centre) on 18 July 2020 through an Official Statement sent to Rough & Polished, said that in January 2020, “Ernest Blom Diamonds Pty Ltd'  had commenced a DIFC Court proceedings against the Dubai Diamond Exchange (DDE) and other defendants, which included a claim for alleged damages. DMCC, appearing on behalf of DDE, opposed the claims.
Elaborating on the subject, the Statement mentioned that the case was listed for a hearing at the DIFC Courts on 4 May 2020.  On 3 May 2020, Ernest Blom Diamonds Pty Ltd formally withdrew its claims against DDE and the other defendants involved. The DIFC Court issued its judgment in favour of DDE and the other defendants on 19 May 2020, ordering Ernest Blom Diamonds Pty Ltd to compensate DMCC and the other defendants involved for the costs incurred by these legal proceedings.
DMCC’s statement also added that a commitment to transparency has been the cornerstone of the DDE and its success to date; and that securing the integrity of trade conducted on the DDE floor is of paramount importance, as is protecting the interests of its members. The DDE, a DMCC platform, will continue to connect markets, facilitate trade and grow the diamond industry backed by its robust infrastructure, stringent regulation and market confidence, it added.

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