An alliance between a diamond producer and a diamond manufacturer in Russia is simply inevitable and necessary

What is a diamond manufacturer’s margin composed of? What is the profession of diamond processing engineer about? How much time does it take to become a diamond cutter? How does a polishing factory work? The Russian Cut, is it alive? Lightbox from De...


High technologies make it possible to create a product that can be obtained in natural stones only for very big money

Andrey Zharkov, having left the position of President at diamond mining company Alrosa, has established and headed the Ultra C company, which will be engaged in the production of diamonds from the reactor. In this interview with industry news agency...

08 october 2018

The once unorganised domestic jewellery sector in India is now growing

A veteran businessman, former Chairman of Gem & Jewellery Council (GJC), Bullion Expert, a third-generation jeweller born with a silver spoon (or was it gold?) in his mouth, a perpetual optimist … yes, the list could go on. As the first...

01 october 2018

India is poised to become a major fine jewellery market in the near future - Pramod Agrawal, Chairman GJEPC

Pramod Kumar Agrawal, the current Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a successful entrepreneur in his own right. Despite belonging to a jewellery business family, with his father dealing in gemstones...

24 september 2018

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

Lisbon: A new diamond exchange in the offing

13 november 2015

A new diamond exchange, which is a private project with private investors, may kick off its operations in Lisbon, presumably in two or three years from now. Though the whole venture is so far in the making and ‘not all is guaranteed yet’, in the words of Vitor Rita, its Project Manager, it has its location almost set and it is near the Lisbon International Airport, since its founding members want to keep it right there.
It is too early to discuss any exact date for commissioning the Lisbon Diamond Exchange, until all the pertinent licenses are ready. Nevertheless, the project has performed a virtual debut on Facebook to blaze a trail for the brick-and-mortar thing.
According to Vitor Rita, the diamond exchange will spread out on an area of 30,000 square meters trading in rough and polished diamonds, as well as in gold and jewelry. It will give shelter to diamond cutting companies, diamond labs, diamond schools, security companies, banks, etc.
“The Lisbon Diamond Exchange will have the capacity to accept from 150 to 200 companies from anywhere in the world,” Vitor Rita said, adding that geographically the exchange will be ready to deal with any customer in the diamond related business.
“We have been doing this business for 500 years and we did bring the first diamonds ever to Antwerp in the 15th century. The Lisbon Diamond Exchange will be a new platform offering new ideas in diamond trading and marketing,” he said and expressed his hope that this exchange would have enough business with jewelry and gold trading going on in the same building.
There was no provisional estimate of the trade volume this diamond exchange will have, but Vitor Rita said the work was going on to produce it.
Since August 7, 2015, Portugal became the seventh EU member-state to join the Kimberley Process Certification Scheme for the international trade in rough diamonds, while the European Union takes part in the KP as a single entity. According to Paulo Núncio, Portugal’s Secretary of State for Fiscal Affairs, this event provided legal grounds for the development of this new economic sector in Portugal.
Though this market in Portugal is brand new, Vitor Rita said, but the Lisbon International Airport expects first arrivals of rough diamonds starting from January, 2016, for which purpose the authorities are creating a free trade zone near the airport furnished with state-of-the-art equipment (including, among other things, even gold refineries – all this inside the Lisbon Diamond Exchange building), ‘turning it into a small Dubai.’ “We want to invite all companies related to diamond services or diamond business to join this project,” Vitor Rita said in conclusion.

Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished