How Russkiye Samotsvety is coping with the current downturn

One of the key issues facing most Russian companies today is the need for an objective assessment of the new consumption decline due to the quarantine, as well as making forecasts for a way out of it. According to a RBC-Petersburg’s study made in June...

Yesterday

Global rough diamond sales down 80-90% in value in Q2 –Zimnisky

The COVID-19 pandemic, which is spreading across the globe, having originated from China’s Wuhan has left diamond traders and buyers at sixes and sevens. Traditional diamond tenders were cancelled around March as governments imposed travel restrictions...

27 july 2020

Indian diamond and polishing industry requires forward integration - Dinesh Navadiya

Dinesh Navadiya is now the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India for the 3rd term. He is also the Director on the Board of the Gem & Jewellery Skill Council of India (GJSCI)...

20 july 2020

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

IDE hosts KOIN International’s tender of large stones

23 july 2020
The Israel Diamond Exchange (IDE) completed a successful first tender by KOIN International at its International Tender Center, as per a press note from IDE.
The tender offered rough diamonds of 10.80 carats and above, as well as fancy color diamonds from the EKAPA (Kimberley) Mine in South Africa. Among the stones was an extraordinary 49 carat Vivid Yellow diamond. The tender offered a variety of rough in all sizes and colors, including packages of colored diamonds of 2.00-4.00 carats and 5.00-10.00 carats. The attendance at the tender was high, with the majority of stones including the 49 carat diamond being sold.
Adam Schulman, CEO KOIN International said, “We were very pleased to be able to bring our EKAPA tender to Israel which was successful. We will definitely conduct more tenders in Israel in the future.”
Zvika Zamir, Chairman of the IDE Rough Diamonds Committee, said, “I was happy to see that all the rooms in the International Tender Center were filled to capacity. We will continue in our efforts to bring more rough diamonds to Israel.”
Yoram Dvash, President of the Israel Diamond Exchange, said, “The KOIN International tender brought high quality large and fancy colored goods from the EKAPA mine, which is what the Israeli diamond industry specializes in. We are very gratified by the success of the tender, especially during this challenging period. We thank KOIN International for its support in holding this tender at the Israel Diamond Exchange.” 

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