Consumers attracted to diamond jewelry more than ever

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

21 september 2020

WDC actively supports initiatives from mine to retail; and also strives for support for the artisanal and small-scale miners - Edward Asscher, President, World Diamond Council

A member of one of the diamond industry and Amsterdam’s most well-known families, Edward Asscher was elected President of the World Diamond Council in June 2020 for a two-year term. Asscher is serving a second time as WDC President, having led the organization...

14 september 2020

Diamonds are one of the few things that have held human fascination in every nook and cranny of the world across time

Dr Usha R. Balakrishnan, a preeminent historian of Indian jewellery based in Mumbai, is Chief Curator of the World Diamond Museum. Being the author and co-author of several volumes of Diamonds Across Time, a new book and an important venture launched...

11 september 2020

Botswana Diamonds to bulk sample KX36 kimberlite, sees commercial potential

Botswana Diamonds recently acquired Petra Diamonds’ exploration assets in Botswana for $300000. The assets that were owned by Petra through its wholly-owned Sekaka Diamonds Exploration, include the KX36 project, a 3.5 hectare kimberlite that was a new...

07 september 2020

Indian diamond industry looks for recovery options

Webinars being the order of the day due to COVID-19 crisis, the Gem & Jewellery Export Promotion Council (GJEPC) of India organized a virtual meeting under its UNCUT 2020 Webinar series on 17 August 2020, inviting all stakeholders to discuss...

31 august 2020

UNI Diamonds, IDEX create the first fully-transparent price guide for the natural polished diamond industry

11 september 2020
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Image credit: UNI Diamonds

UNI Diamonds, a fintech company focused on building a global marketplace for diamonds, has announced a strategic relationship with a leading diamond price organisation and IDEX (International Diamond Exchange) to create the first fully-transparent and unbiased price guide for the natural polished diamond industry.
The Diamond Price Guide provides up-to-date wholesale market prices guidance. It is based on the diamond inventory data collected by UNI from international manufacturers and wholesalers, the IDEX diamond price list as well as on diamond search data that shows what buyers are looking for and what they are willing to accept.
To meet the privacy requirement, UNI partnered with QEDIT, a World Economic Forum Technology Pioneer and a leading provider of Privacy-Enhancing Technology (PET) solutions.
Mahiar Borhanjoo, UNI CEO, said: “The Natural Diamond Price Guide uses highly advanced technology to bring full transparency to diamond price guidance. This technological collaboration will enable us to provide an accurate picture of the market trends using real data provided by the diamond industry.”
Jonathan Rouach, CEO of QEDIT, said:” The privacy assurances we can offer, backed by such Privacy-Enhancing Techniques as homomorphic encryption and zero-knowledge proof cryptography, will enable sensitive price data to be handled and processed in a regulatory-compliant environment that guarantees data integrity and protects the commercial interests of every participant in the network."
Ehud D. Cohen, IDEX SA Chairman, commented on the announcement: "IDEX is proud to be part of the group that shares its data for the benefit of the industry."

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