Young people in China have become the main force of jewellery consumption

Armed with a Bachelor's degree from Beijing Normal University, Zhuhai, as well as majoring in Franchise Management, Wang was greatly influenced by his parents in the field of jewelry. This has resulted in his unique opinions about innovative design...


ZCDC re-orients diamond valuation plan as it seeks ‘right market price’

At some point experts claimed that the Marange diamond fields contained between 2 and 7 billion carats of raw diamonds and that Zimbabwe was sitting on over 25 percent of the known diamond deposits in the world. Others even put the value of the Marange...

12 march 2018

Art historian Valentin Skurlov: "Faberge, like all court jewelers, actively used diamonds"

Valentin Skurlov is a historian of jewelry art, a candidate of art history, an honorary academician of the Russian Academy of Arts, a scientific secretary and a herald master of the Faberge Memorial Foundation, and a research consultant for the Fabergé...

05 march 2018

Ari Epstein: The diamond trade is stable again

Ari Epstein, CEO of the Antwerp World Diamond Centre (AWDC), dwelled on the results of the past year and the current situation in the diamond market in his interview to Rough&Polished.

26 february 2018

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

Lucapa Diamond CEO perceives good start for rough diamond market in 2018

22 february 2018
The rough diamond market has this year started off “very well” as high demand has seen prices go up in January, according to Lucapa Diamond chief executive Stephen Wetherall.
De Beers’ rough diamond sales for the first sales cycle of 2018 was provisionally capped at $665-million, while Alrosa sold rough diamonds for $499-million in January.
“I think if you look at the sales of other producers they are also quite upbeat of what they have achieved, so I think as we normally expect in a diamond industry, we see January and February being stronger pricing environments and demand environments,” he told Rough & Polished earlier this month.
“So I think the year started off the same way, it always does very, very strongly.”
Wetherall also said, although it was hard to predict the future of a diamond market due to its volatility, he was anticipating the high-end diamond market to remain stable by the end of the year.
He, however, said that the low-end diamond market had been under pressure.
“It just seems to be with regards to the stocking environment [and] when there seems to be a low stock you get demand from the Indian diamantaires and that pulls the prices back up,” he said.
“But as you know we are operating in the high-end it’s been pretty robust, demand is very, very good so we haven’t seen that much pricing pressure.”

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


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