News
Indian jewellers promote natural diamonds amid competition from lab-grown stones
Falling prices for lab-grown diamonds and their resulting rise in market share are transforming India’s diamond jewellery market and prompting jewellers to take proactive measures.
Yesterday
Ethiopia opens first gold refinery to serve region
Ethiopia has inaugurated its first gold refinery, a $50 million joint venture that the government hopes will establish the country as a regional hub for precious metals processing, Prime Minister Abiy Ahmed announced over the weekend, according to Reuters...
Yesterday
Anglo American bets R11.2B on South African mining's future
Anglo American has reaffirmed South Africa's potential as a premier mining investment destination, even as the company commits R11.2 billion ($677 million) to an ultra-high dense media separation iron-ore project at Sishen in the Northern...
Yesterday
Nornickel forecasts $4 billion in precious metals revenue for 2026 - report
A senior Nornickel representative noted that the company expects to generate $4 billion in revenue from precious metals sales this year.
Yesterday
Russia to build first permanent REM magnet plant
In 2028, Russia is set to start the construction of its first plant for manufacturing permanent magnets from rare-earth metals (REM) in the city of Glazov, to be commissioned in 2029 with an initial capacity of 500 tonnes per year, said Andrey...
Yesterday
"Surat Diamond Bourse will become the voice of industry in the coming days," says Vallabhbhai Patel, Chairman of the Surat Diamond Bourse
09 january 2023
Vallabhbhai Patel, Chairman of the Surat Diamond Bourse, looks towards the Surat Diamond Bourse (SDB) to play an important role in turning Surat into the world’s largest manufacturing and trading diamond hub in a short period. Vallabhbhai dreamed of building the world’s largest commercial building in Surat for the Indian diamond industry. He conceptualized the ‘Surat Diamond Bourse’ (SDB), which is set to redefine the potential of the Indian diamond industry going forward. Vallabhbhai Patel, the Founder of Kiran Gems entered the industry over four decades ago. An astute businessman, he is the driving force behind Kiran Gem’s emergence as a global leader in diamond manufacturing. In an exclusive interview here with Rough&Polished, Vallabhbhai Patel speaks about the upcoming SDB, which the Indian diamond industry looks forward to with great anticipation.
Why are rough diamond prices falling? Edahn Golan has the answer
26 december 2022
Diamond industry analyst Edahn Golan, owner of Edahn Golan Diamond Research and Data, says that rough diamond prices are falling mainly due to lower demand for polished diamonds. He said the midstream sector of the diamond industry is now much more focused on buying the rough diamonds it needs and polishing what he thinks will be in demand.
Golan told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that this is a remarkable process, fueled by a desire to cut spending, which was helped last year when money stopped being cheap, and the resulting decision to build inventories as much as possible to reduce. Meanwhile, the diamond analyst said that the biggest challenge facing the natural diamond sector is getting consumers interested in natural diamonds for bridal use, not if consumers still want diamond-encrusted bridal jewelry.
“Now, a diamond is a thing we cannot do without” says Eduard Gorodetsky, CEO, General Synthetic Research
19 december 2022
The ‘General Synthetic Research’ R&D Centre is a Russian high-tech innovative company manufacturing superhard materials for the electronics, mining, medical and jewellery industries. The company was founded in 2019 by a group of engineers and is located on the area of the Sestroretsk Tool Plant - Voskov Technopark. Eduard Gorodetsky, CEO of the Research Centre, told Rough&Polished about the products the company manufactures, about the technologies it uses in diamond synthesis, including the exclusive lab-grown crystal production technology.
“More buyers are now waiting for our diamond-growing machines,” says Rahul Gaywala, CEO- Sahajanand Technologies Pvt Ltd
12 december 2022
Rahul Gaywala, the CEO of Sahajanand Technologies Pvt Ltd (STPL) has been with the Sahajanand Group since 1993 and in his illustrious tenure with the company, he has played a pivotal role in revolutionizing the global diamond processing industry. STPL is a 25-year-old company providing high-end technological solutions with the induction of Artificial Intelligence for the diamond industry; also provides 3D printing technological solutions under the leadership of Rahul Gaywala. Rahul Gaywala handles the company's worldwide operations including business development, R&D, production, and supply chain. He has tremendous cross-culture and global exposure in diamond technology, industrial laser, medical devices, and the life sciences industry. He is a rare combination of a visionary, a hard-core innovator, a motivator and a technocrat. His contribution to revolutionizing the diamond industry, from the labour-intensive handicraft industry to the high-tech-automated engineering industry, has been immense. Rahul Gaywala is associated with many educational institutions and engineering universities like Uka Tarsadia University, Sarvajanik College of Engineering & Technology and SSASIT. He is also associated with robust collaboration (MOU) between STPL and Shree Swami Atmanand Saraswati Institute of Technology, Surat (SSASIT) to create a reservoir for quality manpower in the fields of engineering and science and bridge the gap between industries and academia. He was awarded the Man of Excellence award in 2014 and the Most Enterprising CEO award in 2013 by the jury of the brand academy institute and Indian Achievers Forum respectively for his outstanding contribution to the world diamond industry. Here, in an exclusive Interview, Rahul Gaywala speaks to Rough&Polished, not only about STPL's diamond manufacturing machines but the 'diamond growing machine' that is in the pipeline...
Some Excerpts:
Ali Pastorini: Precious stones are still a good investment
05 december 2022
Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mubri, an association that brings together more than 2,000 women and men working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain, Italy, and Germany. The mission of Mubri is to help its members 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 talks about talks about investing in precious stones and the situation in the diamond industry.
Lab-grown diamond jewellery sales to breach the 10% mark for the first time this year – Zimnisky
28 november 2022
The supply and demand for man-made diamonds had been on an increase in recent years, much to the discomfort of the natural diamonds industry. Some companies in the mid-stream segment of the natural diamond industry are now involved in the lab-grown business as well. Diamond analyst Paul Zimnisky told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that he is expecting lab-grown diamond jewellery sales to go beyond the 10% mark of total global diamond jewellery sales for the first time this year. He, however, said while the demand growth for lab-grown diamonds remains firm, the supply growth is exceeding demand, which is putting pressure on prices.
NB: Zimnisky publishes a professional monthly subscription-based industry report called “State of the Diamond Market” that includes all of his data, forecasts and analysis.
Diamond mining and diamond synthesis: Which is more efficient?
21 november 2022
Vladislav Zhdanov - Professor at the National Research University Higher School of Economics and former Vice President of ALROSA (2015-2018). He is a physicist by profession. Vladislav Zhdanov was educated at the Ural Federal University (General and Molecular Physics), Diplomatic Academy of the Ministry of Foreign Affairs, City University London, Oxford University and RANEPA. He has authored a number of scientific articles on the use of synthesized and natural diamonds in modern high technologies, on trends and prospects for their consumption in this area.
Vladislav Zhdanov told R&P about new academic research in the field of diamond mining and diamond synthesis.
The success of TAGS over the past 5 years has encouraged many large tender houses to establish regular and sizeable tender operations in Dubai
14 november 2022
Mike Aggett is an experienced Private Consultant with a demonstrated history of working in the mining and metals industry. Skilled in Luxury Goods, Business Planning, Sales, Gemology, and Jewelry, Mike is a professional who graduated from Dover College. Mike Aggett has previously worked with De Beers for 32 years both overseas and in the UK, where he concluded his employment as Head of Client Management responsible for Global Sightholder Sales. Currently being the Chief Executive Officer and Director of Trans Atlantic Gem Sales (TAGS), Mike Aggett is also a Member of the Board of Directors at Dubai Diamond Exchange. Here, in an exclusive Interview with Rough&Polished, Mike Aggett speaks about TAGS’ activities and performance in Dubai…
It all starts with stones - it is they that give impetus, determine the image and embodiment
07 november 2022
Maxim Selikhov is the founder of the SelikhoV Diamonds brand launched in 2006, and the company manufactures unique handmade jewellery with rare high-quality gemstones. He is also known as a collector of unique and large-size jewellery stones who considers them a reliable investment tool, among other things. Maxim Selikhov told R&P about the stones he purchased, recent fine jewellery collections, his participation in auctions and exhibitions, and shared his plans for the future.
‘Our technologies – CVD machines and growing technology – are game changers’, asserts Arnaud Flambeau, Executive Chairman, 2DOT4 Diamonds LLC
31 october 2022
Arnaud Flambeau is the Executive Chairman of ‘2DOT4 Diamonds LLC’, Dubai, a fully integrated lab-grown diamonds company. The Company provides rough 'as grown' diamonds, in-house polished IGI certified loose polished diamonds and high-quality seeds. Arnaud started his career in the jewellery business in 1993 at European Gold Company CLAL, where he was in charge of international brands like Cartier or VCA and their subcontractors. Later he joined Scintilla Monaco as CEO and a shareholder to develop new lines for the Asian and European markets. He opened offices in Monaco, Dubai and Tokyo. He was appointed as a Board Member at the Dubai Diamond Exchange from 2007 until 2013. Here, in an exclusive Interview, Arnaud Flambeau elaborates on the future plans for '2DOT4 Diamonds'.
