Gold brings stability, acts as insurance, and generates higher risk-adjusted returns especially in times of heightened uncertainty

Somasundaram PR (Som) joined the World Gold Council in January 2013, as Managing Director, India. Based in Mumbai, Som is responsible for leading the World Gold Council's activities across the Indian gold market. Som has over 27 years of...

12 april 2021

Flun Gumerov - “I think that a diamond is a unique gift from nature. A synthetic diamond is a man-made imitation of the gift of nature”

Flun Gumerov, Chairman of the Council of the “Jewellers Guild of Russia” Association and the founder of Almaz-Holding, told Rough&Polished about what is new in the legislation relating to the jewellery production and trade, about the sentiments at the...

05 april 2021

Lucapa narrows kimberlites search

Lucapa Diamond and its Lulo partners have been for close to a decade searching for the kimberlite source or sources of alluvial diamonds being recovered from within the Lulo diamond concession, in Angola. The company believes that the frequent recovery...

29 march 2021

Shashikant D Shah: “Mined diamonds and LGDs are separate categories”

Armed with a commerce degree, Shashikant D Shah entered the diamond trade by opening a diamond Jewellery Showroom exclusively for Nakshatra and Asmi brands in 2003 and has not looked back since. DM Gems came into being in 2003 with Shashikant as Founder/Owner...

22 march 2021

Andre Messika: “The natural diamond industry today is one of the most transparent, regulated, and ethical industries in the world”

Andre Messika, a Paris-based topnotch distributor of polished diamonds migrated to Israel in 2003, to establish Andre Messika Diamonds in the Israel Diamond Exchange in Ramat Gan …and has not looked back since. In 2012, in recognition of the continuous...

15 march 2021

Moscow Jewelry Factory increases sales by third

06 april 2021
The Moscow Jewelry Factory, the largest jewelry manufacturer in Russia announced its complete rebranding to mark its centenary and gave a new name to its retail chain – MIUZ Diamonds. The company said that the growing interest of its clientele towards diamonds was the impetus giving rise to a new vector of its development.
"In 2021, the company plans to actively develop its online store and increase its retail space by 25%," commented Anastasia Sarantseva, the company's development director. Currently, the MIUZ Diamonds retail chain includes more than 350 outlets throughout Russia, Belarus and Kazakhstan, including 250 of its own stores.
The company's sales increased by a third in the first quarter of this year reaching 3.8 billion rubles.
MIUZ Diamonds has one of the highest average tickets in the industry, which is growing thanks to the company's assortment policy. The most popular categories are jewelry pieces with diamonds and other precious stones, the demand for which increased by 50%, according to the Retail Loyalty web portal.

Alex Shishlo for Rough&Polished