Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

16 april 2024

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

DMCC launches future of Trade Report on Lab Grown Diamonds

19 september 2023

Dubai Multi Commodities Center (DMCC) released a special edition of its Future of Trade thought leadership report series focused on lab-grown diamonds (LGDs), the rapid global rise of this nascent technology and its transformative impact on the industry.

The report, titled “Coming of Age – The Future of Lab Grown Diamonds,” is a culmination of industry expertise and in-depth analysis, says a press release from DMCC.

The report finds that Dubai has emerged as a key player in the LGD trade, and is poised to lead the next chapter of innovation and industry growth. The report illuminates key findings that set the industry's trajectory, propelling LGDs from a niche market to a technological powerhouse.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: “The LGD industry is navigating a phase of transition, adapting to slower growth, disruption and market shifts in the United States, while exploring untapped markets like China, Europe, India and the Middle East. With the rise of the LGD industry symbolising the intersection of technology and trade, the potential it holds is monumental.”

“As a global trade hub, Dubai offers a strategic location for LGD innovation and trade, envisioning a future where LGDs redefine industries and sustainability norms. Leveraging DMCC’s world-class infrastructure and facilities coupled with our expertise in trade and advanced technology, we are excited to see Dubai positioned as a pioneering force in this transformative era,” he added.

Andrey Polyakov, Editor in Chief of the Asian Bureau in Dubai, UAE, for Rough&Polished