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ALROSA plans to auction large diamonds in Dubai

ALROSA, the world’s largest diamond mining company, will hold an auction for the sale of special size rough diamonds (weighing over 10.8 carats) in Dubai in the period from May 27 to June 14, 2018.

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Signet Jewelers to join pilot of De Beers-led blockchain platform

Signet Jewelers, the world’s largest retailer of diamond jewellery, will become the first retailer to join the pilot of De Beers-led blockchain platform, Tracr.

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Chow Tai Fook to use blockchain technology for ‘T MARK’ diamond brand

Clients of Chow Tai Fook’s diamond brand, CHOW TAI FOOK T MARK (T MARK), will receive a permanent and immutable blockchain record of their diamond’s GIA grading information.

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Mountain Province Diamonds announced results of fourth diamond sale of 2018

Mountain Province Diamonds Inc.  announced the results of its recently completed fourth diamond tender sale of 2018.

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Petra Diamonds to raise $178 mln to cut debt

Petra Diamonds, which has mining operations in South Africa and Tanzania, has launched a $178 million rights issue to settle part of its swelling debt.

Today

Ali Pastorini: Selling just the idea of glamour is no longer enough

21 may 2018

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, Italy and Germany. The mission of Mujeres Brillantes is to help women in the jewelry and watchmaking sectors consolidate their business in order to exchange professional skills and experience. In the immediate past, Ali Pastorini was also Senior Vice President of the World Jewelry Hub in Panama. In this interview with Rough&Polished she tells about major trends and problems in the jewelry business.

Diamonds are shifting from occasional to daily wear

14 may 2018

Joy Alukkas started his first jewellery showroom in UAE in the year 1987, and today the Joyalukkas Group is a multi-billion global conglomerate with varied business interests. Beginning with a single jewellery room in Abu Dhabi, Joy Alukkas has grown the Group to a 140 plus jewellery showroom chain, spread across 11 countries around the world, including India, USA, UK, UAE, Singapore, Malaysia, Qatar, Oman, Bahrain, Kuwait and Kingdom Of Saudi Arabia, there is no stopping Joy Alukkas, who is called 'Man with the Midas Touch'.

GJC has played a crucial role in the last 10 years in improving the compliance level in the industry

07 may 2018

Coming from a renowned family of jewellers based in Akola, Maharashtra, Nitin Khandelwal heads Khandelwal Jewellers (Akola) Pvt Ltd. He has interests in the Plastic industry, Real estate, Health & Recreation and Cold storage industries as well. Nitin Khandelwal was elected Chairman of GJC in 2017 but was associated with the organisation from inception as a torchbearer for various projects initiated by GJC. As an extrovert and a workaholic, Khandelwal's leadership skills, ability to multitask, stickler for punctuality and similar fine qualities has him 'donning many hats' effortless. Here in a Q&A session with Rough & Polished, Nitin Khandelwal speaks on all things he's passionate about... with elan!

Johnson: ASM diamond sector a potential new source of supply for De Beers

03 may 2018

De Beers recently said that it is planning to pilot a programme called GemFair that will create a “secure and transparent route” to market for ethically-sourced artisanal and small-scale mined (ASM) diamonds. GemFair would partner with the Diamond Development Initiative (DDI) for the pilot, which would run in Sierra Leone where a number of artisanal mine sites are already participating in the DDI’s Maendeleo Diamond StandardsTM programme. Group head of strategic communications David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that although it was still in the early stages, the programme had potential to considerably transform the ASM sector by improving working conditions and potentially open up a new source of supply for De Beers over the longer term. He also talked about the group’s diamond blockchain initiative, environmental protection initiatives and the Venetia underground project, among other things.

Zimnisky: Hard to protect lab-diamond price as production methods, economics improve

23 april 2018

Paul Zimnisky, an independent diamond industry analyst and consultant, said it will be very difficult for the lab-diamond manufactures to protect price as production processes and economics improve. He told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that this will ultimately result in lab-diamonds becoming more of their own separate product class entirely distinct from natural diamonds. Zimnisky said lab-diamond companies that build a very strong brand through marketing or proprietary jewellery design will be less susceptible to price pressure, citing Swarovski as a leader in this area. He also said price differential is most apparent in generic lab-diamonds, while companies that are building a brand around their product have been more protective of prices. Zimnisky is of the opinion that price is a lab-created diamond’s greatest advantage over a natural equivalent. He said that the production capabilities of lab-created diamond manufacturers are improving as is the number of players in the space, resulting in more readily available higher-quality lab-diamonds. Zimnisky's estimate for natural diamond production in 2018 was 147 million carats of which about 60 million carats would be gem-quality, while current lab-created gem-diamond production was projected at less than 5 million carats.NB: Zimnisky has a monthly subscription-based diamond industry newsletter called, State of the Diamond Market and a proprietary rough diamond price index available at www.roughdiamondindex.com.

James Campbell: Scoping study results for SA’s Thorny River due mid-year

16 april 2018

Botswana Diamonds appeared to have expended most of its energy and resources last year on the new Thorny River project in South Africa as its Sunland Minerals joint venture with Alrosa, in Botswana takes long to find diamonds despite significant effort over the past four years of exploration. Rough & Polished’s Mathew Nyaungwa asked company managing director James Campbell on progress made on the South African project after they reported early this year that sampling work had failed to produce enough diamonds for an economic modelled diamond valuation. He said that Botswana Diamonds was busy with a scoping study to determine the potential commerciality of the project with results expected mid-year. The Thorny River project was a consolidation of the Frischgewaagt, Hartbeesfontein and Doornrivier properties into a 2,771-hectare area in the Limpopo Province. It comprised the eastern extension of the kimberlite dyke/pipe systems on which the Klipspringer & Marsfontein Mines are located, both of which had been economically mined. Campbell also spoke about their exploration work with Alrosa in Botswana as well as the company’s interest in the Maibwe joint venture (JV).

MGCJ founder Branko Deljanin: Production of synthetic diamonds is still larger than consumption

09 april 2018

Founder and Chairman of the Mediterranean Gemmological and Jewellery Conference, MGJC, Branko Deljanin kindly agreed to answer questions from Rough&Polished related to synthetic diamonds and the upcoming 4th session MGJC in May in Budva, Montenegro.

There is some magic in a diamond

02 april 2018

Alexander Gorynya is a Director General of the St. Petersburg-based Kongo jewellery company. He is a Chairman of the Union of North-West Jewellers. In 1978, he graduated from the North-Western Extramural Polytechnic University. Since 1983, he worked at the LPO Russkiye Samotsvety (Russian Gems), and rose through the ranks from the Deputy Head of a workshop to the Director General. In 1995, he was elected the president of the AOOT Russkiye Samotsvety. In 1999, he set up and headed the jewellery company Gringor that is a supplier to the Russian Imperial House. He is an Honored Artist in Applied and Decorative Arts and awarded the medal Yuvelirnaya Rossiya (Jewellery Russia) and the Order of Honour, a Russian Federation national award, and many other awards.

Looking for the Kimberley Process achieving further and meaningful sustainable progress

26 march 2018

On March 7, 2018, the United Nations General Assembly welcomed the progress made by the Kimberley Process Certification Scheme to break links between the diamond trade and conflict and adopted a consensus resolution aimed at intensifying that work aligning it with the 2030 Agenda for Sustainable Development. Stephane Fischler, Acting President of the World Diamond Council (WDC), the organization representing the diamond industry in the development and implementation of regulatory and voluntary systems to control the trade in diamonds embargoed by the United Nations or covered by the Kimberley Process Certification Scheme, gave this interview to Rough&Polished highlighting key points in the United Nations resolution.

Young people in China have become the main force of jewellery consumption

19 march 2018

Armed with a Bachelor's degree from Beijing Normal University, Zhuhai, as well as majoring in Franchise Management, Wang was greatly influenced by his parents in the field of jewelry. This has resulted in his unique opinions about innovative design of jewelry products and his deep understandings of the industry’s need. After graduating from the University, Wang worked for Dongguan Branch, China Merchants Bank for nearly 2 years and gained a comprehensive understanding of the financial industry and capital operations. Currently, Wang serves as the President of Xintai Group, and in charge of overall company affairs since 2014. Here, in an Interview with Rough & Polished, Hankang Wang elucidates on his company, China's jewellery market as well as the Golden Town Project.

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