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
India’s G&J industry leaders react to the FM’s Union Budget 2022
03 february 2022
The Union Finance Minister Nirmala Sitharaman presented the Union Budget 2022 on February 1. She said that the Budget proposals for this financial year rest on health and well-being, infrastructure, inclusive development, energy transition and climate action, financing of investments and ‘Minimum Government, Maximum Governance.' India’s economic growth is estimated at 9.2% to be the highest among all large economies, she said.
GIA examined the largest known laboratory-grown diamond
03 february 2022
Scientists at GIA (the Gemological Institute of America) recently examined the largest known laboratory-grown diamond produced by the chemical vapor deposition (CVD) method. The examination determined that the 16.41 carat princess cut diamond from the Shanghai Zhengshi Technology Co. Ltd. had the observable characteristics of a diamond produced by the CVD method.
Petra Diamonds improves balance sheet, financial profile
03 february 2022
Petra Diamonds has concluded a binding, credit approved term sheet for the refinancing of its first-lien debt facility with its South African lender group, providing for more favourable terms than the group’s current first-lien facilities.
Richemont appoints Dr Bérangère Ruchat as Chief Sustainability Officer
03 february 2022
Richemont announced the appointment of Dr Bérangère Ruchat as Chief Sustainability Officer, reporting to Burkhart Grund, Chief Finance Officer, effective 1 February 2022.
De Beers rough diamond sale rakes in $660mln
02 february 2022
De Beers earned $660 million from its first sales cycle of 2022 compared to $663 million, a year earlier or $336 million in the tenth sales cycle of 2021. Company chief executive Bruce Cleaver said there was strong growth in consumer demand for diamond jewellery over the end of the year holiday season.
JUNWEX SAINT PETERSBURG opens its doors in Russia's nothern capital
02 february 2022
Today, under the auspices of Restech Event Management Technology, JUNWEX SAINT PETERSBURG, the 30th JUNWEX anniversary jewelry exhibition was launched today at Expoforum in St. Petersburg.
FCRF: Positive trajectory for 89% of all Fancy Color categories in 2021
02 february 2022
The Fancy Color Research Foundation (FCRF) has announced that year 2021 showed a rise in the price of 89% of all fancy colour categories. Price changes among all 128 categories tracked by the FCRF Fancy Color Diamonds Price Index ranged from -1.3% to +7.9%, with the average change in 2021 being a price increase of 1.7%, as per a press release from FCRF.
In 2021, the platinum market remained in fundamental surplus
02 february 2022
In 2021, the platinum market not only remained in fundamental surplus for the sixth year in a row, but the size of the supply overhang nearly quadrupled year over year.
Hong Kong’s retail sales of jewellery, watches and clocks up 24% in December 2021
02 february 2022
According to Hong Kong’s Census and Statistics Department latest figures released on January 31 on retail sales, the value of total retail sales in December 2021, provisionally estimated at $33.3 bn, increased by 6.2% compared with the same month in 2020.
Gem Diamonds’ Letšeng declares dividend of $13mln in Q4
01 february 2022
Gem Diamonds’ 70%-owned Letšeng mine in Lesotho has declared a dividend of $13 million resulting in a net cash flow of $8.6 million to the group. This also resulted in a cash outflow from Gem Diamonds for withholding taxes of $500 000 as well as a payment of the government’s share of a dividend of $3.9 million.
