Login

A new brand has come to the Russian market - LA VIVION

How this had happened was disclosed in an interview with Rough&Polished by Andrey Yanchevskiy, CEO of LA VIVION, who, having turned from a programmer into a jeweler, proved that algorithms and diamonds are a promising combination in business.

14 august 2017

KGK says Botswana lacks capacity, expertise to produce diamond jewellery

KGK Diamonds Botswana opened its operations in the southern African country and the world’s second largest diamond producer in value terms, in 2014 and it is currently cutting and polishing rough sourced from De Beers’ Diamond Trading Company. Company...

07 august 2017

Jewellery might not come under the category of basic necessity, but for women it is a need

Enchanted by the City of Gold-Dubai, brothers Kiran Pethani and Anil Pethani travelled from their little village in Gujarat, India to Dubai in search of a better livelihood. In 1993, they started working for a jeweller in Gold Souk where they learnt...

31 july 2017

"The government should financially support the setting up of skills development units and Gems and Jewellery parks" suggests Sanjeev Agarwal, CEO, Gitanjali Exports Pvt Ltd.

Sanjeev Agarwal has a unique combination of experience encompassing FMCG, Banking & Finance and the Luxury Retail Sectors with Unilever, Cadburys and Deutsche Bank. Sanjeev’s next move to World Gold Council as Managing Director (India-subcontinent)...

24 july 2017

Virtual Possibilities of Jewellery Market

Online jewellery trading in Russia – since it started boosting and becoming more popular among the consumers - is of keen interest among the market players and is a topical issue. Dmitry Zamyshlyaev, Deputy Head of the Federal State Enterprise ‘Assay...

17 july 2017

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

Comments

Only registered users can add comments (Register, Login)