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The global diamond market is suffering from the lack of liquidity in large manufacturing centers - Leibish Polnauer

26 august 2013

For over 32 years Leibish & Co. has been at the forefront of the Natural Fancy Colored Diamonds trade. The company manufactures collection pieces and unique designs of fine, multicolor diamond jewelry.

Leibish & Co. has built a steady base of loyal international clientele who keep returning because Leibish & Co. is continuously exceeding customer expectations. In 1995, Leibish & Co. launched www.fancydiamonds.net in order to utilize the Internet as an effective sales, marketing and service channel for their international customers.

Leibish & Co. has been short-listed for the E-tailer of the Year Award by trade tabloid Jewelry News Asia. Leibish & Co., a major online retailer of natural colored diamonds, was named a finalist from among 90 diamond companies that registered. They are judged on the basis of their branding and retailing efforts and other business practices.

Leibish Polnauer, President of Leibish & Co., has kindly agreed to give an express interview to Rough&Polished.

Could you describe the business of your company?

We are a virtual brand selling fancy color diamonds and jewelry.

What is your customer mix and what kind of goods is preferred by your buyers?

We serve the trade and internet customers worldwide.

Was the start of 2013 promising for Leibish & Co. or not?

Yes, we are satisfied.

Are you satisfied with the current situation in the global diamond market?

The global diamond market is suffering from the lack of liquidity in large manufacturing centers.

Could you share your vision of the imbalance between rough and polished goods, which disturbs the market from time to time?

The carriage is ahead of the horses - the rough market is much firmer that the polished.

What is your outlook for the diamond market next year?

We are confident.

Do you think the diamond industry is losing the market to other luxury goods?

It will never happen - as diamonds are the girls' best friend.

How do you assess Russian diamonds, do you work with them?

We don’t work with Russian goods - we are dealing with fancy colors only.

What do you think about the expected sale of state-owned shares in ALROSA?

No information about the deal.

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