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ALROSA expects rough sales at the level of 40 million carats in 2018 - UBS

ALROSA (MCX: ALRS) expects to drive its rough sales to the level of 40 million carats in 2018, the UBS Bank informed its customers following a meeting with the diamond mining company.

19 january 2018

De Beers adopts blockchain to boost confidence in diamonds

De Beers said it is progressing development of the first blockchain technology initiative, which will underpin confidence in diamonds and the industry by ensuring that all registered diamonds are conflict-free and natural, while also enhancing efficiency...

19 january 2018

India's cut&polished exports up 7.7% in December

India's exports of cut and polished diamonds during Dec '17 rose to $ 1.59 bn from $ 1.48 bn in Dec '16 recording an increase of 7.7%, according to the provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC)...

19 january 2018

US Diamond Imports Rise in November

US polished-diamond imports jumped 11% year on year in November, government data showed.

19 january 2018

ALROSA adjusts gas assets auction rules

On January 18, the Supervisory Board of ALROSA adjusted its gas assets auction rules during an absentee voting.

19 january 2018

Fura Gems tempting India with rubies from Mozambique and emeralds from Colombia

15 january 2018

A qualified Chartered Account, Dev Shetty heads Fura Gems Inc as President and CEO, who has recently developed world’s largest emerald mine in Zambia and world’s largest ruby mine in Mozambique. Dev started his career in India but moved to the UK in 2006; joined Pallinghurst Advisors LLP, a private equity firm which made him Gemfields Group CFO and executive director; and eventually, Dev was responsible for overall operation of Gemfields plc.
Dev's experience ranges from a project and operational management, strategic formulation, business turnaround, mergers and acquisition, budget and business plan formulation including the setting up fund structures in different jurisdictions and more. In January 2017, Dev partnered with Forbes and Manhattan, a Canadian private merchant bank to incorporate, Fura Gems Inc, Toronto listed (FUR.V) gemstone mining and marketing company. In an interview with Rough & Polished, Dev Shetty talks about his expansion plans through Fura...

The Exchange plays a significant role in the global jewellery industry - Li Zhiwei, General Manager, GDGJE

09 january 2018

Li Zhiwei, has been engaged in the Gems and Jewellery development management in China’s government department for the past 30 years. He served as Vice Chairman of Gems and Jewelry Association of China for more than 10 years and has effectively pushed forward Panyu’s gems and jewellery industry development. Under his administration, Panyu, which is an administrative district of Guangzhou, the capital of the Guangdong Province, has developed quickly as well as changed from a small unknown village in the 1980s to one of the most developed districts of China’s gems and jewelry industry. Since March 2016, Li Zhiwei has been serving as General Manager of the Guangdong Gems and Jade Exchange. In an interview with Rough&Polished, Li Zhiwei elaborates on the workings of GDGJE, its agenda for the future, the current tax structure in China and more...

Yoram Dvash Hits The Ground Running As Second Term Begins

04 january 2018

Having completed his first term in office as President of the Israel Diamond Exchange (IDE), Yoram Dvash sat down with Rough & Polished to discuss his achievements during his first period in office, and plans for the second term following his unopposed reelection in October. One of the changes that was agreed at the IDE's last General Assembly was for the term of IDE president to last three years rather than two to give the man at the helm time to plan and execute changes, meaning Dvash’s second term will end in 2020.

Eurasian Diamond Center should bring profit and open new prospects and opportunities for all its players

25 december 2017

The ALROSA affiliate in Vladivostok established in 2016 was headed by Alexey Ivanov about half a year ago. He was charged with the responsibility for developing business on the company's Far Eastern platform and attracting new customers to the Eurasian Diamond Center (EDC). Alexey Ivanov, who has many years of experience in the diamond field under his belt, has a legal education and headed ALROSA's representative office in Israel and that of Arcos Diamonds Israel, Ltd. in different years, previously holding the position of an assistant to the president of ALROSA. In recent years, he headed the Secretariat of the Deputy Chairman of the Russian Federation Council and was an assistant to Vyacheslav Shtyrov, Member of the Federation Council at the Federal Assembly of the Russian Federation. Alexey Ivanov answered the questions from Rough & Polished regarding ALROSA's activities on its Far Eastern platform.

NDTC to supply rough worth about $400 m this year

18 december 2017

The Namibia Diamond Trading Company (NDTC), a joint venture between the Namibian government and De Beers, said it expects to supply rough diamonds worth $390 million this year. The diamond trader, which has 11 sightholders, had a fixed supply of diamonds worth $430 million under a new 10-year deal signed last year. NDTC chief executive Shihaleni Ndjaba told Rough & Polished on the sidelines of a diamond conference in Gaborone, Botswana in November that the figure, however, fluctuated annually because it was index-linked to price so that volumes do not decrease relative to any price increases. He said that the future of diamond manufacturing in Namibia was bright and he would want to see small-scale operators being established as was the case in South Africa.

It's our responsibility to capture the imagination of future generations towards diamonds

11 december 2017

As CEO of Beverly Hills-based Grand Metropolitan - a privately-held luxury goods holding company with a 130-brand portfolio - Vin Lee carries the burden rather lightly on his shoulders. Having migrated from Canada as a baby, it did not take long for Vin Lee to ascend the US luxury world and establish himself as a formidable businessman. Besides his business in the diamond industry, he monitors his companies' participation in charity auctions, celebrity events, and red-carpet functions. Constantly on the move, he spends his time in South Florida & Southern California. In an interview with Rough & Polished, Vin Lee elaborates on his earlier days; entry into business; and his hopes for the future of the industry.

‘Non-diamond producing countries shouldn’t lead KP’

04 december 2017

Non-diamond producing countries should not lead the Kimberley Process (KP) as was the case last year with the United Arab Emirates (UAE), according to the African Diamond Council and African Diamond Producers Association chairperson, M’Zee Fula Ngenge. He told Rough & Polished on the sidelines of the De Beers diamond conference in Gaborone, early November, that diamond producers cannot be “overseen” by consumers of diamonds. Diamond producers and consumers as well as the civil society were allowed to be members of KP, which was established in 2003. A country or bloc has an opportunity to chair the diamond watchdog for a year and the current leader, Australia, will pass on the baton to the European Union when its term come to an end next month. Ngenge also said that some diamond mining company heads are not prepared to hear what they were advocating for. He, however, praised De Beers for their willingness to listen to the organizations’ viewpoints.

Jewellers’ Guild of Russia sees its mission in creating highly developed national jewellery market

27 november 2017

In recent years, the Jewellers’ Guild of Russia has noticeably stepped up its activities. Eduard Utkin, General Manager of this Association told Rough & Polished about what is happening in the country’s jewellery sector, the tasks facing the community and commented on the latest developments in the industry.

Any color diamond is a great investment

20 november 2017

Bruno Scarselli belongs to the 3rd generation of the Scarselli family, which has for the last half-century been producing and selling some of the world’s highest quality yellow, blue and pink diamonds available on the market. Bruno heads the company that is known worldwide for three generations as masters in the art of colored diamonds; and possesses an extensive inventory of special and unique stones in all colors, shapes, and sizes as well as signature jewelry pieces. Here, in an interview with Rough&Polished, Bruno Scarselli speaks about the company, which has dedicated the last 30 years toward the marketing of color diamonds via museum, public lectures, auctions and private events... and more.

It’s crucial everybody feels confident that their suppliers use the System of Warranties - Stephane Fischler

13 november 2017

The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA) launched this package of measures to strengthen the Kimberley Process Certification Scheme (KPCS) as a voluntary pattern of industry self-regulation aimed at weeding out conflict diamonds from the supply chain. The annual general meeting of the WDC recently held in Dubai was focused on broadening the scope of the KPCS and formalizing principles related to the “duty of care” for responsible business practices in the framework of the System of Warranties. In this interview given to Rough&Polished, Stephane Fischler, Acting President of the WDC shares his views on the issues raised during the two-day event.

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