Is it worth buying a diamond ring?

Today, the internet provides a piece of free-flowing information to everyone worldwide. Keeping the prices of any product secret is near to impossible. Social media and consumer feedbacks are challenging for a company to set prices on their own. The...

Today

New Angolan diamond marketing policy helps lift rough prices – Wetherall

The Angolan administration of President João Lourenço introduced technical regulations for its new diamond marketing policy in 2018 whose objective was to improve the attractiveness and competitiveness of the national diamond industry and grow outside...

17 january 2022

LGDs will continue to be an option for consumers, from the high-quality bridal market to the fashion market

Richard Garard is a founding member of the International Grown Diamond Association, which was established in 2016.  He serves on the Executive Committee of IGDA as President and Secretary General. IGDA was created to represent, promote and...

10 january 2022

Everything is design and design is everything

Born in the Basra pearls family, the first private jewelers to royal families, Ashraf Motiwala is the fourth generation to carry forward the legacy of A S Motiwala. Spearheading the prestigious family legacy, Ashraf Motiwala felt the need to breathe...

03 january 2022

Typical Jeweller is the initiative to promote the Russian jewellery industry

Typical Jeweller is one of the largest websites on the Russian Internet for the new generation jewellers. The total audience, including social media, is over 100,000 people per month. Every day, the latest news from the jewellery industry, educational...

27 december 2021

Gem Auctions DMCC closes largest debut rough diamond sale in industry history

26 november 2021
Gem Auctions DMCC founded by mining entrepreneur Alan Davies, held its first-ever rough diamond auction in Dubai this week. The company sold 120,000 carats for over $57 mn, marking the largest rough diamond auction debut by a new company in the history of the trade.
Alan Davies, Founder of Gem Auctions DMCC, said: "We were delighted with the results of our first-ever rough diamond auction this week in Dubai. We attribute our success not only to strong market conditions but also to our precise assortments and use of Galaxy®️ technology that allowed over 200 manufacturers from around the world to seamlessly inspect and bid on the material, which helped optimise our pricing.”
Alan added: "We'd like to thank His Excellency Ahmed Bin Sulayem, Martin Leake, and the rest of the DMCC team for the unwavering support of our industry. Equally, we would like to thank our customers and suppliers who showed great support for our first event and we look forward to becoming a mainstay in the rough marketing space.”
The company plans on having its second sale in Dubai in early 2022.

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