Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 2018

Debate on the main issues affecting the diamond business is absolutely critical - Ernie Blom

Having taken part in the fruitful discussions with the world leaders at the Asian Summit held recently in Vladivostok, Ernie Blom, President, World Federation of Diamond Bourses (WFDB) now looks forward to taking the worthy inputs received at...

10 september 2018

Reflecting the nature of the industry, US jewellery market is significantly seasonal with great ‘ebb and flow’ in demand, opines Vin Lee

Vin Lee, CEO of Beverly Hills-based Grand Metropolitan, a privately-held luxury goods holding company had migrated from Canada as a child. And one can see that it did not take him long to ascend the US luxury world, establishing himself as a formidable...

27 august 2018

Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

20 august 2018

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 2018

Israeli miner eyes Marange diamonds

02 december 2013

Israeli mining investor Yaron Yamin and his local partners are on the verge of tying a deal with the Zimbabwean government to mine diamonds in Marange.
The state-owned Zimbabwe Mining Development Corporation (ZMDC) was required by law to control at least half of shareholding in any operation in Marange.
Daily News reports that Yamin, who had been residing in the southern African country for 10 years and currently engaged in gold mining, had lined up two of Jerusalem’s “largest” diamond miners to invest in the venture.
“We have proposed a joint venture for mining diamonds in Marange and upon finalisation of our paperwork, we expect to start exploration in the next two weeks,” he was quoted as saying.
Yamin and his backers were ready to put in $20 million worth of equipment to support the diamond mining company.
One of the companies currently operating in Marange, Anjin Investments, recently asked the Zimbabwean government to allocate it with new mining concessions as their block was fast running out of alluvial gems.
The Zimbabwe Independent quoted unnamed sources as saying that Anjin representatives approached the mines ministry with their request last week.
This revelation followed a report by a local weekly, The Financial Gazette, which claimed that the quality and quantity of diamonds mined in Zimbabwe’s Marange had been on a “decline” since 2012.
It quoted ZMDC board chairperson Florence Gowora as saying that miners were now switching to mining conglomerates.
“We have to go deeper and we need equipment for that. We also need to expand and explore further. There is a lot of untapped land and we need to establish what we have under the ground," she said.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished