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

Yuyuan Jewelry enters into JV with Damiani for China expansion

29 july 2020
Yuyuan Jewelry and Fashion Group, a subsidiary of Chinese conglomerate Fosun International Ltd, has entered a joint venture deal with Italy-based Damiani Group, says a report in jewellery.net.
According to the report, the joint venture is aimed at expanding Damiani’s presence in China. Yuyuan will reportedly own 55 per cent of the joint venture, which is expected to begin operation in the Q4 of the year.
Yuyuan will exclusively distribute Damiani and its Salvini brand in China, and open more than 10 Damiani flagship stores and around 100 Salvini boutiques within five years.
Luxury jeweller Damiani, which was founded in 1924, is celebrated for its statement diamond jewellery pieces by connoisseurs across the globe. Damiani launched its brand ‘Salvini’ in 1986 to cater to the needs of a younger generation of buyers for fashionable jewellery collections. 
Yuyuan owns popular Chinese jewellery brands Laomiao and First Asia, which have a strong presence in the local market. Laomiao and First Asia currently have a sales network of nearly 3,000 stores. Yuyuan had previously acquired the French jewellery brand Djula.

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