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.

Yesterday

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

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 2024

India's Tribhovandas Bhimji Zaveri posts higher Q2 profit ended Sept 30, 2023

10 november 2023

Indian jeweller Tribhovandas Bhimji Zaveri reported a near 65% rise in second-quarter profit buoyed by lower expenses and strong diamond demand.

The company's consolidated net profit rose to $1.08 mn for the quarter ended September 30. The growth in its diamond jewellery segment remained steady that helped cushion the blow from higher gold prices on the margins.

Its total expenses fell nearly 11.5% from a year-ago quarter. But for the second time straight, the gold and diamond jewellery maker saw lower sales with total revenue from operations down 10.5% to $57.8 million compared with last year.

Gold prices rose to near record highs this year, dampening retail demand during the festive season in India - the world's second-largest gold consumer.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished