Exclusive
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
Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices
The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...
23 september 2024
Carats.io GDX diamond trading index listed on Investing.com
GDX is the first diamond trading index of its kind, based on the daily trading data on Get-Diamonds.com, the Israeli diamond industry's official B2B trading site.
Carats.io is issuing the first digital coin backed by diamonds that combines the stability of diamonds with the liquidity of cryptocurrency. The coin, CARAT, is 100% redeemable for diamonds because it is backed by real certified diamonds, audited by international accounting firm Ernst & Young.
Investing.com is a leading global financial portal that provides news, analysis, technical data and financial tools for investors in global financial markets.
Carats.io CEO Avishai Shoushan said, “Carats.io aims to commoditize the diamond industry in order to open it up to financial investors. The GDX is our way of achieving that goal. We are happy to see that the traditional financial community is adopting our index.”
To tokenize diamonds, Carats.io uses state-of-the-art Big Data and blockchain technologies. Its proprietary Diamond Pricing Algorithm (DPA) compares individual diamond grades to daily market conditions, based on not less than 14 diamond parameters. The DPA has been deployed so far on over $11 billion worth of diamonds.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished