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...


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

Gem Auctions DMCC to debut rough diamond tender in November

27 october 2021
Gem Auctions DMCC, founded by mining entrepreneur Alan Davies, will hold its first-ever rough diamond auction in Dubai, UAE next month.
For its first auction, Gem Auctions DMCC will present over 100,000 carats of rough diamonds with an estimated total value of over $50 mn from 17-22 November 2021 at the Dubai Diamond Exchange, the largest diamond tender facility in the world. The run-of-mine production will include single stones as well as parcels of diamonds.
Alan Davies, Founder of Gem Auctions DMCC, said: “Gem Auctions DMCC is the culmination of 25 years in the diamond and mining industry, from setting up diverse mining operations to innovating rough gem marketing platforms. We are incredibly proud to bring over this high-quality production to Dubai for our first auction and to market it to the biggest rough diamond users in the world.”
In addition to being the founder of Gem Auctions DMCC, Davies currently serves as CEO of Zambian mining company ‘Moxico Resources’ and was CEO, Diamonds, Energy and Minerals of Rio Tinto where he led and innovated their diamond mining and tender operations from 2012-2016.
Further information about Gem Auctions DMCC can be found here:; and parties interested in connecting with the Gem Auctions DMCC team can send inquiries to

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