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Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

Today

The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018

Our first priority is to better understand artisanal and small-scale mining - Elodie Daguzan

The Diamond Development Initiative (DDI), the organization dealing with the traditional diamond mining, recently announced the appointment of Élodie Daguzan as its first Goodwill Ambassador. Ms. Daguzan, who currently works as head of communication...

04 june 2018

Zimnisky on De Beers’ Lightbox: It’s a strategic, bold move that will benefit the entire natural diamond industry

De Beers shocked all and sundry end of May when it announced the launch of a new company called Lightbox Jewelry, which will market a new brand of laboratory-grown diamond jewellery in September. This effectively meant that the group had departed from...

01 june 2018

Tracking the provenance and lifecycle of a product is a natural and necessary evolution in our industry

A senior executive with a demonstrated history of working globally at management and board levels, Marcus ter Haar has been the Managing Director at Okavango Diamond Company (ODC), Botswana for about 10 months now, prior to which he held the...

28 may 2018

De Beers’ Namibian unit offers 240k ct to Namdia, local sightholders

23 april 2018

The Namibian government said more than 240,000 carats of Namdeb run-off mine were offered to Namib Desert Diamonds (Namdia) and local sightholders at a value of $360 million in the 2017/18 financial year compared to $292 million in the 2016/17 financial year.
“This achievement has yielded an increase in beneficiation activities and enabled Namdia to fulfill its mandate,” mines minister Tom Alweendo was quoted as saying by the Namibia Economist.
He said that 54 percent of rough diamonds offered to the local sightholders had been processed locally.
Namdia chief executive Kennedy Hamutenya recently said that their diamonds were earmarked for international sales and not for the local market.
The state-owned diamond trading company was entitled to 15 percent of diamonds produced annually by Namdeb in line with the marketing and sales agreement signed between Namibia and De Beers in 2016.
Meanwhile, the minister said government had initiated the review process of the country’s Diamond Act, 13 of 1999 to ensure that the law was responsive to the “industry dynamics”.
It wasn’t clear what he meant by “industry dynamics” in the report.
However, Alweendo said Namibia should continue adhering to minimum requirements of the Kimberley Process and international best practices to maintain a good image for the country’s diamonds.
He also said that Namibia produced more than 1,8 million carats of diamonds in the 2017/18 financial year.

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

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