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Ashok Sancheti of Pioneer Gems and Rakesh Barmecha of Niru NY Ltd. were re-elected as president and vice president, respectively.
Gemfields just held a ruby auction in Singapore. The event was supposed to include emeralds as well but the colored gemstone miner pushed back that portion of the sale in deference to Indian traders impacted by their country’s demonetization program.
The colored stone miner’s first auction of fiscal 2017 was 80 percent sold by volume and 85 percent by value.
Alrosa experienced a similar spike despite the negative impact India’s demonetization program has had on demand for lower-end rough diamonds.
Scheduled for February, the diamond trading event will host Alrosa President Andrey Zharkov as its guest of honor.
Right now, they operate under the name of ARCOS, but will be rebranded as Alrosa.
Alan Bronstein of Aurora Gems was just elected as the new president of the Natural Color Diamond Association.
The Natural Color Diamond Association recently held an election for its board of directors, tapping Bronstein as president and Jose Batista as vice president.
The company’s higher quality rough emerald auction, originally scheduled for this month, has been postponed until February.
It is trying to get a better sense of U.S. consumers’ buying habits and attitudes toward jewelry set with rubies, sapphires and emeralds.
National Jeweler

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