Ellah Muchemwa: ADPA to launch Africa's first diamond mining standard next year

The African Diamond Producers Association (ADPA), which is based in Luanda, Angola, and represents the interests of mainly African diamond producers and those with the potential to produce diamonds, will next year launch the Sustainable Development...

04 november 2024

Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future

Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...

28 october 2024

Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products

Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

India's KGK to invest $50 million in new cutting facility near Vladivostok

06 april 2017
The KGK Group of Companies from India, a global leader in diamond cutting, is set to create a new cutting facility near Vladivostok which will polish rough diamonds from ALROSA. The total investments will amount to $50 million.
KGK plans to employ up to 500 people at their new facility and to open a training centre for its staff to cut up to 9,000 carats of diamonds monthly.
The first work will begin in July this year with the factory completion slated for the end of 2019.
Meanwhile, the Russian government has granted Indian investors a certificate of residence for the newly-created Free Port of Vladivostok, which will give them tax and customs preferences, and lower costs for ships in the port. The measure will facilitate the diamond trade between the two countries.
The KGK group has branches in Moscow and the diamond region of Yakutia, and sees its new facility in Vladivostok as a gateway to the markets of Asia-Pacific region.
Indian companies were major auction buyers at ALROSA's latest auction of industrial grade and gem quality natural rough diamonds in the Eurasian Diamond Centre held in March.
In 2017, ALROSA is planning to sell 2 million carats of all types of diamonds worth USD 73 million through its Far East branch. Auctions of special size 10.8+ and industrial grade rough diamonds will be held in the next 3 months.

Theodor Lisovoy, Rough&Polished, Moscow