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Social responsibility, transparency, compliance and full disclosure   The World Federation of Diamond Bourses (WFDB) concluded a very successful Presidents’ Meeting at the DMCC in Dubai last week, during which the organization adopted a resolution in support of social responsibility, transparency, compliance and full disclosure. This was also the first time that representatives of the Young Diamantaires were invited to join the Executive Committee meeting and Working Session.    The Opening Session on February 24 featured keynote speaker Angola Minister of Mineral Resources, Petroleum and Gas, HE Diamantino Pedro Azevedo. Other speakers included host DMCC Executive Chairman Ahmed Bin Sulayem, Alrosa Head of International Relations Peter Karakchiev, De Beers CFO Midstream Susanne Swaniker, CIBJO President Gaetano Cavalieri and WDC President Edward Asscher. Yoram Dvash called on the diamond industry to adopt the principles of social responsibility and transparency for t...

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New definition includes Synthetic Diamond-LGD!   After AGM, members are considering the amendment that made at Special Business in the 36 th AGM of Bharat Diamond Bourse (BDB) is a New Year gift! At the BDB AGM, the Special Business had amended the diamond definition and had included Synthetic Diamond-LGD (Lab Grown Diamond). Recently the BDB held the thirty sixth Annual General Meeting (AGM) of BDB on Monday, December 28, 2020 at BDB Convention Hall.   Since long- 2015, BDB boundaries remained closed for such LGDs and diamond fraternity will recollect several debate & discussion about the BDB approach. Yet the BDB de facto had gained a great reputation to source mined diamond in the world without any fear on the back of adopted definition in their AA, “Diamond, means any natural and/or mined diamond, whether rough or polished.”  Since long the managing committee of BDB was facing the members’ pressure to adopt LGDs by allowing in the premises.  Virtually ev...

Look for alliances beyond the sector Ali Pastorini, Co-owner Del Lima Jewelry brand and President of Mubri - Mujeres Brillantes International Association expressed amid lockdown. Being a Market Consultant with expertise in Latin America region she said about resumption and change in business landscape to Nayan Jani. In the context of doing business & resumption in post Covid-19, Ali said, I have no doubt, things are already changing. It is no longer a discussion about whether it will change, but how we will adapt to this new reality. I, personally, with my jewelry brand have already changed some attitudes and behavior to adapt this new reality in the most effective way, both from the B2B and B2C point of view. Being a market expert she also focused upon buyer’s attitude & buying habits. Ali Pastorini said the way we are communicating and consequently selling has to be more dynamic and global. That consumer who had a certain resistance to buying online or even ...

Tender taking place between May 15 and 29, 2020 Alrosa offered an option to its long-term customers to buy rough diamonds through its digital platform amidst limited business travel due to Covid-2019 pandemic related restrictions. At the digital tender taking place between May 15 and 29, 2020, the company offers over 800 rough diamonds from 5-10 carats batches. The offered volume is the largest Alrosa has ever put on a digital tender. The company provides detailed information on each diamond for remote evaluation. Clients logged to their personal online account get full digital scans of auctioned stones, including data on their external shape, inclusions, color, fluorescence, as well as photos.   For clients’ convenience, the company has significantly upgraded its trading system as well as online services. Every lot has a separate web page with all its characteristics. Given a large number of lots, clients have an opportunity to upload their bids for individual ...

The 2019 Argyle Pink Diamonds Tender collection Tender is being showcased with bids closing on 9 October 2019 Rio Tinto has unveiled its annual showcase of the world’s rarest pink and red diamonds in an exclusive preview at the Argyle mine site in the east Kimberley region of Western Australia. The 64-diamond collection, including three Fancy Red diamonds and weighing 56.28 carats in total, make up the 2019 Argyle Pink Diamonds Tender. Rio Tinto Copper & Diamonds chief executive Arnaud Soirat said “I am delighted to be at the Argyle mine for this exclusive world preview. These diamonds, each a natural treasure, are a testament to the enormous range and depth of offering from the Argyle ore body, nearly four decades from when production commenced. Rio Tinto’s Argyle mine is the first and only ongoing source of rare pink diamonds in history. With the lifecycle of this extraordinary mine approaching its end, we have seen, and continue to see, unstoppable dem...

Launches exclusive boutique store with Kirtilals Rashi Khanna Adorned with beautiful Forevermark Jewellery Forevermark, the diamond brand from the De Beers Group, opens its exclusive boutique in Hyderabad for the first time ever. Housed at Forum Sujana Mall in Hyderabad, The Forevermark Boutique is the first such store in the city, which will exclusively carry Forevermark diamonds in a wide variety of elegant jewellery and loose diamonds. Forevermark diamonds are the world’s most carefully selected diamonds, while Kirtilals are the leader in the jewellery industry, known for their intricate perfection through their legacy of trust, quality and integrity. The synergy of these two brands has brought about an ideal collaboration over the past few years to offer hallmark diamond jewellery with the assurance of having the most beautiful, rare and responsibly sourced diamonds. Gracing the occasion was the talented actor Rashi Khanna. Adorned with beautiful Forever...

Sales 20 polished diamonds with total weight of 140.4 carats for US$3mn Alrosa, a global leader in diamond mining, summed up the results of the tender for polished diamonds, which was held in New York this June. The company's cutting division - Diamonds of Alrosa organized the tender. The company sold 20 polished diamonds with total weight of 140.4 carats. That amount included 8 gemstones of standard color and 12 fancy colored polished diamonds, most of them had Fancy Yellow and Fancy Intense Yellow characteristics. The overall revenue amounted to $3 mln. There were 29 participants from several countries at the tender, and 11 firms were recognized as winners in different tender positions. “The polished diamond tender in New York was very successful, despite the traditionally quiet summer season and the falling market as a whole.  White and fancy polished diamonds were equally in good demand. In addition to retailers from the US, the world's largest ma...

A more challenging environment Tumbles buying sentiment YoY! De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth sales cycle of 2019.   Bruce Cleaver, CEO, De Beers Group, said: “While overall retail sentiment for diamond jewellery in the US remains solid, a more challenging environment in China and higher than normal polished diamond inventories in the midstream resulted in a cautious approach from rough diamond buyers during the fifth cycle of 2019.”   Particular: Cycle 5 2019 (provisional) [1] Cycle 4 2019 (actual) [2] Cycle 5 2018 (actual) Sales value [3] ($m) 390 416 581 Notes to this table: [1]   Cycle 5 2019 provisional sales value represents sales as at 24 June 2019. [2]   Cycle 4 2019 actual sales value is restated following the earlier publication of a provisional figure for the fourth sales cycle...

Since opening, All roads led to Fair domes! New products, innovative solutions and rich programme of events fascinated buyers at Asia’s No.1 mid-year fine jewellery show & now it is being concluded well! A world-leading marketplace for jewellery, gemstones, and industry-related design, manufacturing and retail solutions, the June Hong Kong Jewellery & Gem Fair offered its exceptional brand of sourcing experience to thousands of buyers during the show days. The fair was scheduled for June 20 to 23 at the Hong Kong Convention & Exhibition Centre (HKCEC), the B2B show. Over all fair witnessed 1,900 exhibitors from 40 countries and regions.  “The June Fair occupies a unique position in the industry,” said Celine Lau, Director of Jewellery Fairs at Informa Markets, “It literally brings the jewellery world under one roof, and it is perfectly timed for wholesalers, retailers and distributors who are building up their seasonal essentials.” Occupying 70,000 s...

HRD Antwerp opening in London’s Hatton Garden The supply of laboratory grown diamonds is ever increasing. As a result, jewellers are unknowingly selling jewellery which features a mix of natural and lab-grown diamonds. HRD Antwerp announces a new service for jewellery grading to help combat this growing problem. The new London drop-off point will give UK jewellers easy access to HRD Antwerp’s services, including jewellery and diamond grading reports at very competitive rates. The comprehensive grading report will provide jewellers with peace of mind, reassuring them that all of their diamonds are indeed natural, and not laboratory grown. “There are increasing amounts of laboratory grown diamonds available on the market” says David Ziegler, Commercial Director of HRD Antwerp. “In an industry where so much relies on trust, it’s essential that you safeguard your reputation by certifying that all of your diamonds are natural and untreated. A cost-effective grading report f...

Botswana Diamonds receives permission to sell Diamonds recovered from Thorny River The Botswana Diamonds, associate Vutomi, received permission to sell diamonds recovered during bulk sampling at their Thorny River project. Untill, 256 carats of rough diamonds had been recovered. The sale of diamonds from bulk sampling will enable funding of further development by Vutomi. Sequence of bulk sampling site being worked, Consent received for the sale of diamonds, Sale of diamonds will fund further exploration activity and Mining Permit application accepted for coveted portion of the contiguous Marsfontein farm! Trenching by Botswana Diamonds has identified a ‘hotspot’ at Thorny River with a thick kimberlite intersection of four metres wide, suggesting a kimberlite blow.  256 carats of rough diamonds have already been recovered from re-commissioning the processing plant.  The bulk sampling programme will generate short-term cash flow, whilst building the mineral r...

3D Jewellery Imaging, With no capital investment! Sarine Technologies Ltd is now offering a new simple, automated and extremely cost-effective imaging and visualisation service with interactive personalisation functionality to jewellery suppliers and retailers. Verto, an Israeli start-up, has developed an innovative imaging solution that generates high quality interactive video displays, derived automatically from but a handful of images captured by any common smartphone. Verto’s solution enables jewellery manufacturers, wholesalers and retailers to provide their customers with exceptionally high-quality video visualisation of the jewellery pieces, along with interactive capabilities to view the piece from multiple perspectives and personalise the setting as well as the types, sizes, and colours of stones, etc, with no need for capital investment in high-end devices, expensive professional photographers or exhaustive manual finishing. The combination of the imagery...