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

Indian diamond industry panics as ‘Angadia’ firm goes bust in Surat

19 june 2020
The Indian diamond manufacturing sector, which is currently working with just 30% workers, and yet to resume full-fledge operations is now facing another major issue with a leading ‘angadia’ firm (courier agency) in Surat going bust.
The speculations began after the owners of the firm went underground shutting their offices in Surat, Mumbai, Bhavnagar, Amreli, Rajkot, and other places on Thursday. Also, the firm’s owners supposedly owe huge amounts to more than 100 clients from the diamond industry in Surat and Mumbai.
According to an office-bearer of Surat Diamond Association (SDA), the firm in question is a leading name in the industry with accounts of many big diamantaires. It has come as a shock for the industry during a time when the sector is severely hit by the coronavirus pandemic.

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