International News
DMCC Appoints Industry Veteran Neil Ventura as Special Adviser for Precious Stones
Former De Beers Executive to Drive Strategic Growth and Innovation at Dubai Diamond Exchange
The Dubai Multi Commodities Centre (DMCC) has appointed Neil Ventura, a seasoned diamond industry executive and former De Beers leader, as special adviser for its Precious Stones Ecosystem, the organization announced Sunday via X (formerly Twitter)
Ventura brings over three decades of global experience in the diamond and precious stones sector, including key leadership roles at De Beers and Anglo American. In his new position, he will provide strategic direction for the DMCC’s growing ecosystem, with a particular focus on the Dubai Diamond Exchange (DDE), which now hosts more than 1,300 member companies.
His responsibilities will span both natural and lab-grown diamonds, covering market development, ethical sourcing, compliance, and platform visibility. He will also help shape initiatives aimed at boosting international trade and attracting new participants to Dubai’s diamond hub.
Ventura is widely recognized for driving innovation across the diamond value chain. At De Beers, he spearheaded the development of De Beers Auction Sales, co-founded the Tracr blockchain platform, launched Lightbox Jewelry — the group’s lab-grown diamond brand — and created GemFair, a social initiative designed to empower artisanal miners.
Alongside his new advisory role at DMCC, Ventura continues to serve as an expert adviser to Boston Consulting Group (BCG) and is actively involved with Antler, a global early-stage venture capital firm.
International News
Gemfields – Ruby: The Fire Within
Gemfields Explores the Science, Symbolism and Timeless Allure of Mozambican Rubies, July’s Iconic Birthstone
This July, for which ruby is the birthstone, Gemfields is seeing red. Rubies are often regarded as powerful symbols of passion and vitality, with their blazing scarlet hue evoking feelings of hot-headed love and burning desire. Describing colour in gemstones is a little like describing the ephemeral. We can feel it, see its effects, and experience its intensity, yet the moment we try to define it precisely, language begins to fall short.

Our eyes can distinguish millions of colour variations, far more than our vocabulary can comfortably name. In emeralds and rubies, especially, what we casually call “red” or “green” is rarely just that. A ruby may show flashes of pinkish-red, orangey-red, or purplish-red depending on the light. An emerald might lean bluish-green in one moment and reveal a warmer, slightly yellowish tone in another. The human eye perceives nuances instantly, whilst words struggle to keep up.
Gemmology attempts to bridge this gap by breaking colour down into components: hue (the basic colour), tone (how light or dark it is), and saturation (how vivid or intense it appears). This structured language helps professionals communicate more clearly. Yet even then, colour remains subjective. Two people can look at the same gem and describe it differently because perception is influenced by lighting, environment, and even personal sensitivity to colour.
A ruby’s red comes from trace elements of chromium and how it interacts with surrounding oxygen ions, as this affects the rays of light that are absorbed or reflected within the crystal. Rubies from Mozambique display the full known spectrum of colour ranges, including the most vivid red hue, and naturally fluoresce under UV light.
There is, of course, another dimension to colour in rubies, in that the gemstone possesses pleochroism—the ability to display different colours when turned at different angles due to selective absorption of light. It is the skill of the gemstone cutter to marry these colours together and form the most pleasing, vivid crimson. The beauty is, as ever, in the details, as subtle movements reveal flashes of orange, pink and purple, a dance referred to as the ‘fire within’, evoking a picture of glowing embers and the rawest of emotions.

This is why gemstones, and rubies in particular, are so fascinating: they resist rigid definition. Their beauty lies in subtle shifts, in the interplay between light and matter, in nuances that cannot be fully captured by simple words. The act of seeing outpaces speaking, and perhaps that mystery is part of what makes the colour in gemstones so powerful.
Choosing a Gemfields Mozambican ruby of your very own is easier than you might think. Gemfields collaborates with a number of international jewellery brands, offering an array of jewellery designs to suit your unique style.

Make a statement with the DIACOLOR x Gemfields Gleaming Flower Earrings, which surround deep red Mozambican rubies with yellow diamond briolettes. Keep your rubies close with the Fehmida Lakhany x Gemfields Ruby and Diamond Choker or The Line x Gemfields Ladhi Ruby Necklace, which pairs rose-cut diamonds with blushing Mozambican rubies. Complete the look with the Ivy New York x Gemfields Chandelier Earrings, featuring over 20 carats of dancing Mozambican rubies.
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