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Zimnisky: Hard to protect lab-diamond price as production methods, economics improve

Paul Zimnisky, an independent diamond industry analyst and consultant, said it will be very difficult for the lab-diamond manufactures to protect price as production processes and economics improve. He told Rough & Polished’s Mathew Nyaungwa in an exclusive...

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James Campbell: Scoping study results for SA’s Thorny River due mid-year

Botswana Diamonds appeared to have expended most of its energy and resources last year on the new Thorny River project in South Africa as its Sunland Minerals joint venture with Alrosa, in Botswana takes long to find diamonds despite significant effort...

16 april 2018

MGCJ founder Branko Deljanin: Production of synthetic diamonds is still larger than consumption

Founder and Chairman of the Mediterranean Gemmological and Jewellery Conference, MGJC, Branko Deljanin kindly agreed to answer questions from Rough&Polished related to synthetic diamonds and the upcoming 4th session MGJC in May in Budva, Montenegro.

09 april 2018

There is some magic in a diamond

Alexander Gorynya is a Director General of the St. Petersburg-based Kongo jewellery company. He is a Chairman of the Union of North-West Jewellers. In 1978, he graduated from the North-Western Extramural Polytechnic University. Since 1983, he worked...

02 april 2018

Looking for the Kimberley Process achieving further and meaningful sustainable progress

On March 7, 2018, the United Nations General Assembly welcomed the progress made by the Kimberley Process Certification Scheme to break links between the diamond trade and conflict and adopted a consensus resolution aimed at intensifying that work aligning...

26 march 2018

Endiama rules out additional investors for Luaxe kimberlite project

16 february 2017
Angolan state diamond company, Endiama said it is currently negotiating with its partner, Alrosa of Russia for the financing of the Luaxe kimberlite project and will not seek additional investors.
Endiama and the Russian diamond giant discovered Luaxe in 2015.
Macauhub quoted company’s chairperson Antonio Carlos Sumbula as saying that the diamond companies would raise the funds on their own.
Alrosa president Andrei Zharkov said last September that capital investments in Luaxe project during its mine life was estimated at $1 billion.
The project, which was expected to begin diamond production within three to four years, was projected to record an annual output of between 8 million carats and 10 million carats.
It was bigger than the Catoca, which currently produces about 80 percent of the country’s total diamond output.
Catoca, the fourth largest kimberlite in the world, was also partly-owned by Endiama and Alrosa.
Meanwhile, Sumbula said Endiama would slightly reduce production to improve revenue until Luaxe starts operating.
“When the company was producing 8 million carats revenue was $1.2 billion, but in 2016, with production of 9 million carats, revenue fell to $1.07 billion,” said Sumbula.
“Our intention is to work towards more revenue, based on a drop in production.”

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished

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