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...


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

ALROSA promotes digital stone tenders enabled by Sarine's technologies

27 july 2020
Sarine Technologies Ltd is pleased to announce that following their launch of their pilot program of digital tenders initiated last October, it was expanded in May due to the travel limitations imposed by the Covid-19 pandemic, according to a press release. 
ALROSA is now further promoting these tenders, enabled by Sarine's technologies… an innovative alternative, more efficient, less risky procurement of select rough stones sized 2 carats and up, as depicted in their Digital Stones video to prospective buyers posted publicly.
David Block, CEO of Sarine Technologies, commented, "We are honored to be working with ALROSA, the world's largest miner of rough diamonds by carats, producing roughly 26% of the global supply annually, as their provider of technologies for this new initiative and are excited about the potential of this venture. This initiative, though envisaged with now seemingly uncanny foresight prior to the pandemic, is gaining momentum and offers midstream polishers a new method of acquiring rough, thus filling an acute need for more efficient rough trading means during these times of travel restrictions, increased uncertainties and impinged margins.” 

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