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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

Rapaport to auction Sierra Leone 709 carat diamond

12 october 2017
Rapaport said it has been selected by the government of Sierra Leone as the marketing and sales agent of the 709 carat diamond, which was discovered by an artisanal miner last March in the village of Koryardu.
The group said in a statement that more than 50 percent of the stone’s sales value would directly benefit the community where the diamond was discovered and the people of Sierra Leone.
“We call on the worldwide diamond industry to bid generously for the Peace Diamond as it will bring vital infrastructure and benefit to thousands of Sierra Leone’s artisanal diggers,” said Sierra Leone president Ernest Bai Koroma.
He said the government was committed to ensuring a transparent and competitive auction process that would ensure fair market value for Sierra Leone’s diamonds.
The owner of the diamond, Pastor Emmanuel Momoh also said that the stone would greatly improve the lives of “our people”.
“This diamond represents our hope for a better future as the resources of Sierra Leone fund growth, development and jobs,” he said.
Meanwhile, Rapaport chairperson Martin Rapaport said he believed in the positive energy of the Peace Diamond and the great good it would do for the people of Sierra Leone.
“The lucky buyers of the Peace Diamond and the resultant polished Peace Diamonds can take pride in knowing that they have created a better life for tens of thousands of people,” he said.
“This is a diamond that makes the world a better place. This is a diamond with spiritual sparkle.”

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

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