Diamond World (DW) November- December 2020

Round & About
POLISHED DIAMONDS
Dinesh Lakhani of Kiran Gems denies
rumors of depletion of stocks
Recently there have been
various rumours in the
market about KIRAN
reducing the production of small
sizes (-2, -6.5 and +6.5) and is
seeing fast depletion of the stocks
in them. The company vehemently
likes to point out that this is
absolutely incorrect, in fact, contrary
to these rumours, it has increased
its production in these sizes and
is maintaining stable and healthy
inventory levels.
“Kiran has been the undisputed
leader in smalls for years now. We
truly appreciate and have harnessed
the value of smalls as we have
been at the forefront of investments
in technology, processes and
production skill to create a highly
efficient set up over the years as the
largest manufacturer of smalls. This
has always been our core strength
and we will continue to focus on it as
our growth area going ahead along
with growth in other sizes,” says
Dinesh Lakhani, Director, Kiran
Gems.
In fact, as an additional measure
to aid the customers to better plan
their supplies, the company has
introduced the “Make to Measure”
facility in small sizes as well. Swift
changing global scenarios are a part
of the new normal, this has led to
a clear shift in customer approach
with more and more jewelry
manufacturers preferring to partner
with suppliers where consistent
assortment along with reliability,
trust, competitive pricing and timely
delivery is ensured given the fact
that primitive buying approach is
fast becoming obsolete.
“To further, deepen our
commitment and focus on small
sizes, KIRAN has introduced 3EXs,
COLORLESS and H&A assortments
- replete with Microscopic
Assortment, Calibration and Just
In Time turnaround - starting
from as low as 0.6 mm size. This
would substantially enhance the
procurement efficiency for our
customers,” adds Lakhani.
Rare Purplish-red diamond sets World Record
A
rare rectangular-cut fancy
purplish-red diamond
ring of 1.05 carats, sold
for $2.77 million – establishing
a house and worldwide record of
price per carat for a diamond of
that color.
The 1.05-carat fancy purplishred
diamond with VS2 clarity
was bought by ‘Tiara Gems and
Jewellery DMCC’ company owned
by Dubai-based Indian expat
Ashish Vijay Jain. The stone is
mounted on a platinum and gold
ring flanked by two heart-shaped
diamonds.
According to Ashish Vijay Jain,
the diamond was to go on display
in his family’s jewellery store,
which was under construction
in November 2020 in the Gate
Avenue mall at the Dubai
International Financial Centre
(DIFC).
24 | November-December 2020 | DiamonD WorlD