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Lucapa to become a niche diamond company, says Wetherall

Lucapa Diamond believes that it will become the only company in the world with multiple diamond mining operations whose average diamond value is in excess of $1,000 per carat, once the Mothae mine is commissioned this year. Company chief executive and...

19 february 2018

Zimnisky: Diamonds lack fungibility to be a major investment product

Physical diamonds will never be a viable widespread investment product simply because they inherently lack fungibility, meaning they are all unique, according to Paul Zimnisky, an independent diamond industry analyst and consultant, who is based in New...

12 february 2018

Julien-Vincent Brunie: "Being surrounded by beauty and art is a privilege!"

This last December, shortly before Christmas, the Auction House of Christie's arranged a private display of jewelry in Moscow. The correspondent of Rough & Polished, who had an opportunity to visit this event, was able to admire a luxurious collection...

05 february 2018

Ali Pastorini: We would like meeting Mujeres Brillantes 2018 to be held in Russia

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 500 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

29 january 2018

Diamond Exchanges promote healthy development of the diamond industry, besides safe and basic infrastructures for diamond trade

Prior to joining the Guangzhou Diamond Exchange, Liang Weizhang served as a civil servant of Guangdong Entry-Exit Inspection & Quarantine Bureau as the director of the Kimberley Process Office. He participated in the KP Review missions to South Africa...

22 january 2018

Anglo American chairperson steps down

16 february 2017
Anglo American said Sir John Parker has indicated that he wants to step down during the course of the year after serving eight years as the chairperson of the diversified miner.
The group said its senior independent director Sir Philip Hampton, would now lead a process to identify candidates with appropriate global listed company boardroom experience.
“Having seen Anglo American emerge in a strong position from the mining industry downturn, with its sharp falls in commodity prices between 2014 and 2016, I believe that the time is now right for the Board to seek my successor during the course of 2017,” said Sir Parker.
“The company, with its much restored balance sheet and a world class Board and management team, led by our Chief Executive Mark Cutifani, is well placed for the future.
“Chairing Anglo American had been an enormous privilege and it had also appealed to my close interest in engineering, technology and corporate turnarounds. The ability of companies to adapt, innovate and think creatively about the role they can play in society is a key ingredient of long term competitive advantage.”
Anglo American owns diamond mines through De Beers and it also has interests in gold, copper, platinum and other precious metals.

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

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