News
Tharisa meets FY2026 guidance, Karo Platinum fully funded as net debt swings to $51m
Tharisa has reported full-year production in line with guidance for both platinum group metals (PGMs) and chrome concentrates, while confirming its Karo Platinum project in Zimbabwe is now fully funded following a $300 million bond issue.
Today
Israel’s diamond sector poised for revival following tax reforms and De Beers comeback
De Beers, one of the world's major diamond market players, has announced the resumption of its operations in Israel after a nine-year absence, which became the latest sign of revival of the diamond industry in the country.
Today
Kefi Gold and Copper restarts Tulu Kapi development after safety review
Kefi Gold and Copper has resumed development at its Tulu Kapi gold project in Ethiopia following a suspension that began on September 7 after a serious safety incident three days earlier.
Today
Nornickel implements smart melt monitoring system
Norilsk Nickel has installed a smart melt monitoring system at its metallurgical plant in Norilsk in collaboration with Reksoft. The system uses computer vision to assist the converter operator in identifying phases during the tapping process.
Today
ALROSA to help amplify Arctic agenda at UN
In preparation for the 31st UN Climate Change Conference (COP31), ALROSA experts and other stakeholders from Russia discussed a unified approach to strengthening the country’s position and the Arctic agenda at UN climate conferences.
Today
Yoram Dvash: Israel's Next Big Diamond Project
09 november 2015
As Chairman of the Israel Diamond Exchange's (IDE) Industry Committee for the past two years, Yoram Dvash has played a leading role in several initiatives. He was one of the major forces behind the creation of a modern manufacturing plant near the IDE complex that was officially opened earlier this year. Now, he is leading the charge for the establishment of another manufacturing center for Israeli diamantaires – this one for the production of diamonds of 10 carats and larger. He tells Rough & Polished about the importance that he, IDE President Shmuel Schnitzer and the IDE's board attach to bringing manufacturing back to Israel.
Consolidation of all Industry Associations is the Only Way for Jewelry Community to Keep the Situation under Control
02 november 2015
On October 2, 2015, Moscow hosted the Third International Economic Jewelry Forum held under the slogan "New Realities, New Challenges, New Strategy in a Changing Global Marketplace". The gathering discussed the problems facing the jewelry industry, new economic challenges and opportunities of doing jewelry business, as well as the way out of the current crisis and how to ensure dynamic stability of the jewelry industry in the prevailing economic realities. The event was organized with the support of Russia’s Ministry of Finance, Gokhran, Assay Chamber, ALROSA, Russian Jewellery Trade Club and RESTEC JUNWEX media holding. Eduard Utkin, General Manager of the Russian Jewelers Guild shared his view of the results achieved at the Forum in his interview to Rough & Polished.
Diamond Market is in Unprecedented and Difficult Situation - Stephan Wolzok
26 october 2015
Rubel & Ménasché has been supplying the jewelry houses of Place Vendôme with high-end small diamond goods for over 50 years. The company’s specialty is extremely well-finished stones, which it offers to top jewelry brands the world over. Taking into account that it is also part of the Dali Diamond Group, a DTC sightholder, our correspondent in Brussels asked its CEO Stephan Wolzok to share his views on the current events in the diamond market.
We should look at the chain of warranty as a solid ally of the Kimberley Process – Stephane Fischler
19 october 2015
The annual general meeting of the World Diamond Council (WDC) held at the Ritz-Carlton Hotel in Moscow last week discussed and approved the organization’s strategy guidelines for the coming two years, focusing its further activities on efforts to ensure compliance with the Kimberley Process Certification Scheme in order to prevent conflict diamonds from international trade. In an interview to Rough & Polished on the sidelines of the WDC general meeting, Stephane Fischler, President of the Antwerp World Diamond Centre stressed the importance of cooperation between various industry bodies and the Kimberley Process in promoting the System of Warranties established by the WDC, which may add a refurbishing touch to the entire diamond pipeline.
Fyodor Poludennyi: “Our aim is to be among the most renowned brands of Europe, America and other parts of the world”
12 october 2015
Creating the Russian national brands is among the tasks set by the Russian Jewellers Guild for themselves. Probably, it is no mere chance that Gagik Gevorkyan, the Guild’s leader, was the initiator of establishing the first family jewellery brand in Russia dubbed GEVORKYAN. The brand philosophy is to translate the best ideas and traditions that contribute to the strengthening of a family, bringing up of a new generation on the values of love and mutual respect. Fyodor Poludennyi, this Brand Director, tells about it in his interview to Rough&Polished.
The Replica of the Great Imperial Crown of the Russian Empire is a masterpiece of Russian gem cutters and evidence that they are among the best artisans in the world
05 october 2015
In early September, Interfax hosted a press conference with the participation of Maxim Shkadov, CEO of Russia's largest diamond manufacturer Kristall on the further fate of the Replica of the Great Imperial Crown made by Smolensk gem cutters. Maxim Shkadov told the audience how his company had come over the idea to recreate the Crown of the Russian Empire and discussed its further fate, as well as answered questions from Rough & Polished regarding the state of the diamond market and its prospects.
Ari Epstein, CEO of AWDC: Diamond pipeline to unclog and demand to pick up in 2-3 months
28 september 2015
In early September, ALROSA hosted a meeting on New Development Drivers of Global Diamond Business in the framework of the Asia Pacific Eastern Economic Forum meeting in Vladivostok. The panel session looked at the current state and future prospects of the diamond industry. Leading diamond and jewelry industry figures took part in a debate on the challenges facing the business on September 3, including Ari Epstein, CEO of Antwerp World Diamond Centre (AWDC), who was interviewed by Rough & Polished on this occasion. Epstein shares his views on demand recovery in the diamond market, competition with India and the establishment of a diamond bourse in Vladivostok.
Moscow to host the Third International Economic Jewelry Forum
21 september 2015
On October 2, 2015, Moscow will host the third edition of the International Economic Jewelry Forum to be held at the Congress Centre of the Chamber of Commerce and Industry on Ilyinka Street under the headline "New Realities, New Challenges, New Strategy in a Changing Global Market" with the support of Russia’s Finance Ministry, Gokhran, Assay Chamber, ALROSA, Russian Jewellery Trade Club and RESTEC JUNWEX media holding. In the run-up to the Forum, Galina Ananyina, President of the Foundation for Development of Jewelry Art in Russia and Chairman of the Organizing Committee of the Third International Economic Jewelry Forum answered the questions from Rough & Polished.
Young customers consider diamonds as preferred investment
14 september 2015
After graduating in Business Management (Finance) from California Polytechnic State University, Suraj Shantakumar returned to India to focus on managing the family’s many businesses. But being most passionate about Kirtilal Kalidas Jewellers Pvt Ltd (a jewellery chain with an unblemished reputation with over 74 years in retailing and exporting of fine diamond jewellery), Suraj concentrated on Kirtilals’ showrooms spread across South India. Here, he talks to Rough&Polished about the current Indian domestic market and the changes that he has seen in the demand pattern across the country.
Israel's Kobi Korn: New Center Benefiting Local Manufacturing
07 september 2015
The Israel Diamond Manufacturers Association (IsDMA) brings under its roof a wide range of diamond manufacturers which account for around 95% of the country’s overall polished production. IsDMA is the ultimate representative of the Israel diamond manufacturing industry authorized by its members to speak on behalf of the diamond cutting community. In this interview with Rough & Polished, IsDMA President Kobi Korn describes the current situation in the diamond industry.
