Striving for excellence

Despite the pandemic, the exhibition "Carl Fabergé & Feodor Rückert. Masterpieces of Russian Enamel” was successfully held at the Moscow Kremlin Museums where about 400 pieces of precious metal with enamel were displayed made by the Russian jewelry...

Yesterday

Botswana Diamonds deal with Diamexstrat, Burgundy more extensive than that with Alrosa – Campbell

Botswana Diamonds recently entered into a cooperation agreement with Diamexstrat Botswana and its partner, Burgundy to fund exploration of its prospecting licence assets in the southern African country. Company managing director James Campbell told Rough&Polished's...

01 march 2021

‘By democratizing luxury, lab-grown diamonds are heading towards opening the widest consumer base globally the diamond industry has ever experienced’, asserts Amish Shah, President, ALTR Created Diamonds

A third-generation diamantaire, Amish Shah, President of ALTR Created Diamonds and pioneer of the lab-grown diamond market has never been afraid to challenge the status quo. After gaining experience, through his family business in the diamond industry...

22 february 2021

Debbie Azar: “I believe that natural and laboratory-grown diamonds are two separate products that can complement each other through their unique features and benefits”

GSI is one of the largest gemological organizations in the world with 13 laboratories globally. GSI’s four pillars – integrity, innovation, professional service, and research & education – serve as the backbone of its business and provide a layer of...

15 february 2021

Consumer spending on diamonds exceeds expectations as rough demand outstrips supply – Zimnisky

Consumer spending on diamonds exceeded expectations in the fourth quarter of 2020 and has continued through early 2021, according to a top industry expert. Diamond industry analyst Paul Zimnisky told Rough&Polished’s Mathew Nyaungwa that a multi-year...

08 february 2021

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