Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Russian Ministry of Finance to Auction Rough Diamonds of Special Size in Moscow

05 september 2014
The Ministry of Finance of the Russian Federation announced a public auction for the sale of rough diamonds weighing 10.8 carats or more in the domestic market. The auction is to be held at Gokhran of Russia on 30 September.
Domestic diamond-manufacturing organizations intending to bid at the auction are to file an application and to deposit RUB 30,000 for the participation. The money will be transferred to the state budget. Each entity may file only one application for bidding.
Russian manufacturing organizations allowed by the auction commission to the bidding are invited to examine special size diamonds put up for sale within the timeframe pre-agreed by the parties.
Gokhran of Russia does not organize such auctions very often, and last year there were only two of them. That's why the auctions always are of a high interest among Russian diamond manufacturers, which get a chance to buy rough diamonds improving their profit margins. Trading volumes at such auctions vary from 5,000 to more than 10,000 carats and prices can reach almost $2,000 per carat.