The indelicate balance of ethics against profit

I am slightly pained to write this blog, as over the years I've made many close friends and contacts in Switzerland, not to mention worked very closely with several Swiss-based companies as part of our recently launched DMCC Crypto Centre, including...

Yesterday

Yakut diamonds, the symphony of permafrost

The Yakutia-based Kierge company, one of the Top 100 of the leading jewellery brands in Russia, opened its showroom in Moscow this autumn, which is gaining popularity in the capital of Russia. “Kierge” is the Yakut for a “finery, decoration” in a broad...

22 november 2021

Vladislav Zhdanov - “The use of diamonds in high technologies is the main and key target of the diamond synthesis technologies”

Vladislav Zhdanov, Professor at the Higher School of Economics, Advisor to Director General - Chairman of the Management Board of the Russian Railways company, and former Vice President of ALROSA (2015-2018). He is a physicist by background...

15 november 2021

Ali Pastorini: The white diamond is the equivalent of a white shirt for a woman

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association that 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...

08 november 2021

“As a purist and old school diamantaire, I don't believe in LGD,” says Vin Lee, CEO Grand Metropolitan

Vin Lee, the King of Luxury, doesn’t need any introduction. He is a self-made billionaire CEO of Grand Metropolitan. The Beverly Hills' family office Grand Metropolitan is $7 billion AUM privately-held luxury goods holding company with a 60-brand...

01 november 2021

GJEPC requests direct supply of rough diamonds from ALROSA

26 october 2021
The Gem & Jewellery Export Promotion Council (GJEPC) welcomed representatives from ALROSA including Evgeny Agureev, Deputy CEO, and Stanislav Martanus, Head of Customer Policy Centre, and Dmitry Amelkin, Head of Strategic Development & Polishing Division at its Mumbai office 22, October, 2021.
GJEPC proposed the formation of a mechanism for the direct supply of natural rough diamonds by ALROSA, especially to micro, small & medium enterprises (MSMEs). It also apprised ALROSA’s leaders about its newly established auction platform Surat International DiaTrade Center (SIDC), a Special Notified Zone (SNZ) in the manufacturing hub, Surat.
Colin Shah, Chairman, GJEPC commented: “We have discussed possible ways of collaboration with ALROSA, and will soon submit a plan so that our MSME sector would secure direct access of rough from the world leader in diamond mining.” 
Evgeny Agureev, Deputy CEO of ALROSA, stated, “I am happy to be meeting my colleagues from India in person after almost two years. From ALROSA’s perspective, India remains the most important centre for manufacturing diamonds, and is the third-biggest consumer of diamond jewellery as well. I’m certain that today’s discussions will further strengthen Indo-Russian cooperation in diamonds and benefit the natural diamond pipeline at large.” 
ALROSA anticipates stable growth this year with an estimated diamond output of 31.5 mn cts with the possibility of increasing to 33 mn cts. 
Vipul Shah, Vice Chairman, GJEPC said: GJEPC’s collaboration with ALROSA on various fronts including direct sourcing of rough, would further help in serving the global gem and jewellery industry in a better and competitive manner in comparison to other segments.”

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