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Helga Pombal: Angola's Stardiam finds solution to the threat posed by lab-grown diamonds
Stardiam manager of production Helga Pombal told Rough&Polished's Mathew Nyaungwa on the sidelines of the Angola International Diamond Conference that lab-grown diamonds are creating a parallel market for more accessible stones, combined with lower...
Yesterday
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
Carats.io & Tradomatics sign agreement for positioning CARAT tokens on digital exchanges
Tradomatics will facilitate the buying and selling of CARAT token, and other volatile cryptocurrencies will be able to transfer their digital assets into CARAT tokens, whose value is linked to the Diamond Financial Index (DFX), reflecting real-time prices in the diamond market.
"We are now in the process of ensuring the market availability of CARAT tokens, thus enabling diamond dealers and jewellers to trade seamlessly and safely among themselves. We selected Tradomatics as our partner because of its proven ability as a market maker and liquidity provider in traditional exchanges. Our goal is the stability of the CARAT token. This is the first step in the transformation of the diamond into a financial digital product, which in turn will streamline and grow the diamond market itself," said Eli Avidar, President of Carats.io.
Shmuel Tal, Tradomatics' CEO said, "The digital markets have in recent months undergone a process of growth and maturation. Tradomatics' extensive experience in supplying liquidity to conventional security exchanges, in supporting the introduction of a diamond-backed digital token, will result in the creation a non-volatile financial asset with a high correlation to real-time prices in the diamond business."
Aruna Gaitonde, Editor-in-Chief of the Asian Bureau, Rough & Polished