Diamonds: A cocktail of optimism, pessimism in the midst of Covid-19 pandemic

Rough & Polished’s Mathew Nyaungwa recently attended a webinar organised by CIBJO Communications to examine consumer demand at the time of the Covid-19 pandemic, importance of data, financial models and lab grown diamonds. The webinar, chaired by Edward...

Yesterday

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...

03 august 2020

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

A 10.69 carat diamond found at Panna mines in India

24 july 2020
panna_diamond.pngLocal government authorities have revealed that a 10.69 carat diamond has been retrieved from a shallow mine in the town of Panna, in the Indian the state of Madhya Pradesh. The stone, which was found by a mine worker named Anandilal Kushwaha, could fetch a whopping $66,997 when auctioned, according to media reports.
R K Pandey, the District Diamond Officer, acknowledged that while smaller diamond pieces are being found in the area frequently, this particular piece is a “special find”. Once auctioned, the proceeds from the precious stone would be handed over to the depositor, after the deduction of taxes and government royalties.
Mine worker Kushwaha, who dug up the gem, had another major win earlier this month when he unearthed a 70-cent diamond from one of the mines.
Now, for his second one a team of eight more workers assisted Kushwaha, and the labourer will be distributing his share from the diamond auction equally with his other team members.

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