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

Johan Erikson: The industry needs to spend more on advertising and marketing

First Element is a fully independent Diamond Services Company registered in Belgium, Botswana, South Africa and Dubai. First Element is committed to providing a world class diamond service aimed at adding value to the entire supply chain, from the daily...

08 june 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