“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

18 march 2019

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

Sharjah jewellery show to be 50% bigger

20 august 2015
The 39th MidEast Watch and Jewellery Show, which is to be held from 6 to 10 October 2015 at Expo Centre Sharjah, will be 50 per cent bigger in terms of size and sharp drop in gold prices is expected to generate greater buyer response, according to its organizer - Expo Centre Sharjah. "The sharp decline in gold prices has definitely generated interest among buyers of gold and diamond jewellery. And, if the prices stay low and fluctuate less, the MidEast Watch and Jewellery Show will be a real delight for jewellery buyers," said Expo Centre Sharjah chief executive officer Saif Mohammed Al Midfa.
Local media reports reveal gold's biggest price decline in over five years has boosted buying interest with customers across the GCC. The price of gold has dropped significantly and a broadly strengthening dollar has kept a lid on prices as the currency has an inverse relation with gold.
Diamond price too has lost its glitter a bit in the first half of the year, with the industry, until recently one of the very few to escape a trend of falling commodity prices, seeing rough diamond prices tumbling 3.4 per cent in the period. Prices for the precious stones have fallen 9.4 per cent in the past year, according to the recently launched Zimnisky Global Rough Diamond Price Index.
"In response to growing market demand, and anticipating better consumer response due to low gold prices, the MidEast Watch and Jewellery show will be bigger and better this time. The show will fully occupy all the six halls at Expo Centre Sharjah at 30,000sqm, as against the past edition's 20,000sqm. Connoisseurs will be excited to know that they can find gold and diamond jewellery from across the world brought exclusively for them by more than 500 exhibitors," Midfa said.
The five-day event will showcase gold and diamond jewellery, diamonds, precious stones, pearls and watches from leading jewellers based in Bahrain, Brazil, China, Egypt, Hong Kong, India, Italy, Japan, Jordan, Lebanon, Lithuania, Malaysia, Pakistan, Saudi Arabia, Singapore, Thailand, Turkey, UAE, UK, USA and Yemen.

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