Demand for large lab-grown polished diamonds will grow in high-income countries

Anastasia Shramko is an expert in precious stones, rough and polished diamond market, and an analyst. She is an author of the course “Lab-Grown Diamonds: Gemology and the Market” conducted on the site and in collaboration with the GemAcademia (International...

23 may 2022

Waiting for Godot?: Botswana Diamonds awaits Zim kimberlite concessions application outcome

Diamond explorer, Botswana Diamonds applied for kimberlite concessions in the Northwest of Zimbabwe in late 2020. Company managing director James Campbell told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that they are still waiting for...

16 may 2022

“The demand far exceeds the supply,” says Dev Shetty, Founder-President & CEO of Fura Gems

In 2017, after a decade as chief operating officer and board member at Gemfields a coloured gemstone mining company, Dev Shetty took the courageous step of starting, from scratch, a mining company. He named it FURA Gems. Today, it is one of the largest...

09 may 2022

Igor Kulichik: The diamond market is now in the initial phase of turbulence

Igor Kulichik is a well-known expert in the diamond market. He has worked in the diamond industry for 20 years: he was CFO of ALROSA from 2002 to 2017, and a member of the Board of Directors of AGD Diamonds from 2018 to 2022. He is also a member of the...

02 may 2022

There is a classic phrase: “Art is an Ambassador of Peace.” And this is true

Chief Expert of the Gokhran (State Valuables Depository) of Russia Veronika Voldaeva, Art History Ph.D., Honored Worker of Culture of the Russian Federation, author and compiler of the decorative and applied section of the Gokhran’s collection...

25 april 2022

UAE gold jewellery demand shows recovery after lockdown

17 january 2022
After almost a year of lockdown and strict restrictions due to the COVID-19 pandemic, UAE’s gold jewellery demand is now witnessing recovery compared to the same period last year.
According to reports, this is attributed to mainly the improvement in the tourism sector. Tourists’ number visiting the UAE has been increasing, especially from India. The reopening of the airports, international flights and the successful vaccination programs helped gain the customers’ trust.
The demand for gold & jewellery will continue to grow till the end of the year, especially with DSF (Dubai Shopping Festival) and Dubai Expo2020, which will invite more visitors to the city. Since the Expo started around two months ago, over a million visitors have visited Dubai.
Dubai has a good reputation for selling one of the purest gold in the world. The gold prices in Dubai have considered one of the lowest prices, and the diversity of gold jewellery there is amazing. Being a global market where many brands of gold shops selling their exquisite designs make it indeed the best place to buy gold.
Al Romaizan UAE has over 50 gold shops in almost all UAE emirates. They locally design and produce around 70% of their products of fine gold, diamond, & pearl jewellery.
With this improvement and increase of gold demand in the UAE and almost all of the Middle East, it is more likely to continue at the same pace for the coming year. 

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