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

ALROSA to auction over 2000 carats of large diamonds in August

30 july 2020
The company announced that it will hold a digital online auction from 4 to 20 August offering special-sized diamonds (over 10.8 carats) to potential customers. The total offer will reach about 2,300 carats.
“Online auctions allow its clients to access full digital copies of rough diamonds in their online accounts for a detailed analysis and evaluation. The digital twin technology allows making well-informed purchase decisions remotely based on the comprehensive data on the offered product line, without physically viewing the diamonds. At the same time, our clients still have an option to visit Company’s offices to study rough diamonds in person, always subject to strict compliance with all the required COVID-preventive measures,” the company said in its statement.
“Our sales experience in recent months demonstrates persisting demand for high-quality rough diamonds while market players are ready to use online channels more actively than before. Though digital tenders and auctions do not replace traditional model of diamond trade, however, they offer additional opportunities for our clients interested in purchasing relevant diamond categories,” said ALROSA Deputy CEO Evgeny Agureev.