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Pavel Vinikhin: ALROSA will make a worthy contribution to the revival of the ‘Russian Cut’ Brand

ALROSA is known as the largest diamond mining company throughout the world. However, not everyone is aware that it has its own diamond-cutting division. For a long time, the activity of DIAMONDS ALROSA remained in the shadows, only occasionally attracting...

16 october 2017

William Lamb: Lucara now knows best routes to market large stones

Lucara Diamond recently announced that Graff Diamonds had bought its 1,109 carat diamond Lesedi La Rona for $53 million. The stone, which is the world’s second largest diamond found since the discovery of the 3,106-carat Cullinan diamond in 1905, failed...

09 october 2017

GSI was the first in the world to begin testing of smaller size diamonds in bulk and has never looked back since - Mark Gershburg

With more than 30 years of experience in the gem lab sector under his belt, Mark Gershburg is an industry veteran widely popular in the global gem and jewelry industry. He began his career in 1980 as a grader but his professionalism, creativity, and...

02 october 2017

Gaetano Cavalieri: Over the long term, demand for diamonds is likely to grow at a steady pace

The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation...

25 september 2017

“I am bullish on the future of the diamond business. Three reasons for this optimism... new discoveries, extending mine life and the increasing demand for diamonds”, says Martin Leake

Martin Leake is a PhD exploration geologist and Six Sigma black belt who has been involved in the rough diamond market since 2004. He worked for BHP Billiton for 22 years and recently left Grib Diamonds where he helped set up a world-class marketing...

18 september 2017

Namibia anti-corruption commission ‘drops’ diamond firm probe – report

17 february 2017
Namibia’s Anti-Corruption Commission (ACC) has reportedly “dropped” an investigation into whether the state-owned Namib Desert Diamonds (Namdia) deliberately sold the country’s diamonds cheaply to Dubai-based firms.
The Namibian newspaper had previously claimed that Namdia sold the country's diamonds for a song to the Arabs who then went on to sell the diamonds at a higher price in the Middle East.
It cited sources claiming that Namdia sold diamonds for US$500 per carat in Windhoek, but the same diamonds were then sold abroad for $2 500 per carat.
The country’s mines minister Obeth Kandjoze dismissed the allegations.
However, this did not stop the ACC to establish whether the diamonds were indeed deliberately underpriced.
“I requested him (Kandjoze) to provide clarity (on Namdia),” ACC director general Paulus Noa was quoted as saying by The Namibian newspaper.
“The minister gave me all the answers I wanted. I am satisfied with the answer.”
Although Noa said he was convinced that nothing fishy took place, the daily cited people “with links” to ACC as saying that the investigation into the new diamond company was still ongoing.

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

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