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

De Beers invests in US-based digital jewellery brand

24 july 2020
De Beers has invested in Gemist, a US-based digital jewellery brand, for an undisclosed amount, according to media reports.
Gemist utilises a “try-and-buy” technology, which allows consumers to customise jewellery and accessories online then receive no-cost replicas of the pieces offline for all occasions before completing the purchase. 
““We are honored to partner with De Beers Group Ventures and look forward to working together to develop and grow the Gemist business,” founder and chief executive of Gemist Madeline Fraser was quoted as saying by Instore. 
“De Beers Group has an extraordinary legacy of authenticity, quality and sustainability, which are also key features of the Gemist brand.”
De Beers executive vice-president, consumer and brands, Stephen Lussier will join Gemist’s board as part of the investment.
The diamond group will also work with Gemist on consumer engagement approaches, mainly with regards to responsible sourcing of natural diamonds. 

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished