Pandora’s endorsement of lab-grown stones will not devalue natural diamonds – Zimnisky

Jewellery retailer Pandora recently announced that it will no longer purchase natural diamonds as it had switched to lab-grown diamonds. However, diamond market analyst Paul Zimnisky told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that...

07 june 2021

“The volume of Forevermark diamonds that we drive through Indian partners is much higher than in other parts of the world,” says Sachin Jain

Sachin Jain has been a part of the Indian arm of De Beers that dates back to 2010 when he came on board as Head of Retail. In year 2014 he took over as President of Forevermark and today he is the Managing Director of De Beers, India. His single-minded...

31 may 2021

GSI's new Jaipur office to specialize in colored gemstones

Gemological Science International (GSI) has opened a new laboratory in Jaipur, India. Since this state is the capital of colored gemstones, the laboratory will have a dedicated division specializing in colored gemstone geographical origin and...

24 may 2021

“We welcome the mandatory hallmarking in the interest of consumers, but it is also essential to have proper and evenly spread infrastructure across India,” asserts Ashish Pethe, Chairman, GJC

Ashish Pethe, Chairman of All India Gem and Jewellery Domestic Council (GJC), formerly known as All India Gems & Jewellery Trade Federation (GJF) is based in Mumbai. As the third-generation heir of M/s Waman Hari Pethe Jewellers established...

17 may 2021

ALMAR is a case in point that will serve to develop the process of funding junior companies and geological exploration in general

Arkticheskaya Gornaya Kompaniya (AGK, Arctic Mining Company) develops the diamond deposits in the Lena-Anabar diamondiferous sub-province of Yakutia under the ALMAR (Diamonds of the Arctic) brand. This company attracts investments for...

10 may 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