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...


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

Ghana diamond output down 48.7 pct to 86,924 ct in 2017

05 june 2018
Ghana’s diamond output dropped 48.7 percent to 86,924 carats from 143,000 carats, a year earlier, according to data from the Ghana Chamber of Mines seen by Reuters.
The country's diamond production had been on a downward trajectory as the 143,005 carats recorded in 2016 was a 25.8 percent drop compared with 185,376 carats realised in 2015.
Ghana Chamber of Mines said last year that a move by Accra to curb small-scale mining, which was causing damage to the environment, would cause a low diamond and gold output.
The government of President Nana Akufo-Addo, who took office in January 2017, provisionally banned artisanal mining in a renewed effort to clamp down on those who do it illegally.
The country’s diamonds were mainly extracted by small-scale mines.
Meanwhile, Reuters said Ghana’s gold output leaped 10.2 percent to 2.805 million ounces in 2017.
Total gold revenues reached $3.52 billion in 2017, up from $3.25 billion the year before.
Ghana was Africa’s second largest gold producer after South Africa.

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


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