Vladimir Pilyushin: The jewelry market is not stand-alone and moves by the same laws as other markets

Vladimir Pilyushin is editor-in-chief of Russian Jeweler, a leading magazine about the jewelry industry in Russia. He told Rough&Polished about his view on the evolution of the jewelry industry in Russia and touched upon some of its problems.

16 september 2024

Sarine’s David Block: Diamond Industry at Standstill Until Chinese Demand Returns

David Block is CEO of Israel’s Sarine Technologies and has served in the position since 2012. In this exclusive interview for Rough and Polished, Block gives his opinion on the leading issues affecting today’s diamond trade.

11 september 2024

Dr M'zée Fula Ngenge: Demand for considerable-sized diamonds stronger than ever

The African Diamond Council (ADC) chairperson Dr M'zée Fula Ngenge told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that although overall global diamond prices have been somewhat soft, the demand for considerable-sized diamonds...

02 september 2024

Amplats sees prospects as a standalone company

Anglo has revealed its plans to demerge Anglo American Platinum (Amplats), which has operations in South Africa and Zimbabwe, to optimise shareholder value. Rough&Polished contacted Amplats to comment on this and other issues but was referred...

19 august 2024

WFDB President Yoram Dvash Remains Confident Despite Global Diamond Challenges

Yoram Dvash is President of the World Federation of Diamond Bourses (WFDB) having been elected in 2020. He found time in his busy schedule to speak to Rough&Polished about the state of the diamond industry around the world and some of the major...

12 august 2024

De Beers unveils new diamond verification tool for retail businesses

04 june 2024
De Beers unveiled its newest diamond verification instrument last week at the JCK trade show in Las Vegas, which will bring its leading synthetic diamond detection technology to the retail counter for the first time and support consumer confidence by detecting the differences between natural diamonds and lab-grown diamonds (LGDs).

It said the device rapidly screens both loose diamonds and diamonds set in jewellery and has a zero per cent ‘false positive rate’, meaning it will never pass an LGD as a natural diamond.

“Buying a diamond is one of the most emotionally significant purchases a person will make so it’s essential that consumers have assurance that their purchase is authentic and represents the value they expect,” said chief executive of De Beers Brands, Sandrine Conseiller.
“With many consumers being unaware that every LGD can be readily and reliably detected due to growth structures that are different from natural diamonds, we hope this new device will be a valuable tool for retailers to help their customers make informed purchase decisions.
“As the retail prices between natural diamonds and LGDs continue to diverge, it’s increasingly important that consumers can be confident in the integrity of their natural diamond purchase.”

The latest tool follows the launch of another diamond verification instrument, AMS Micro, last February.
The device offers rapid, automated screening of large volumes of the smallest melee diamonds.
De Beers said the first batch of devices will be ready for distribution later this year.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished