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...

Today

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

Christie’s NY sale of diamond necklace yields $6.3 million

31 july 2020
Christie’s New York July 29th auction of Magnificent Jewels totaled $28,142,500 with 87% sold by value and 83% sold by lot.
The top lot of the sale was a sensational diamond necklace suspending a pear-shaped diamond of 115.83 carats, F color, VVS1 clarity, which realized $6,290,500.
Colored diamonds also led the sale, with a fancy intense blue diamond ring of 7.16 carats, Internally Flawless selling for $3,855,000; and a fancy light purplish pink diamond ring of 7.65 carats, which sold for $819,000.
Important signed pieces offered within the sale received competitive bidding and exceeded initial estimates including a pair of gold ‘Pendantif-Pendant’ earrings which achieved $125,000 against its low estimate of $10,000; a set of opal jewelry by Angela Cummings for Tiffany & Co. from The Collection of Gloria Manney that sold for $68,750 as well as many such extraordinary pieces.
The sale had global participation with clients registered from 34 countries.

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