In July 2007, the Namibian arm of Diamond Trading Company announced competitive selection among the country’s diamond cutting factories to be included into the first list of NDTC sightholders. At that time, Hard Stone Processing (Pty) Ltd (HSP) was already working in Namibia as an independent manufacturer and its factory successfully occupied a strong position among the leading sightholders turning into one of the three top diamond cutting companies in Namibia. Its CEO Burhan Seber gave this interview to Rough&Polished.
Botswana diamond miner, Debswana recently said that the temporary dip in diamond prices will likely see the company producing just below its target of 25 million carats for 2011. However, Esther Kanaimba-Senai, the Group’s Manager for Corporate and Public Affairs, told Rough&Polished in an interview that Debswana was not in trouble.
Malca-Amit is a full service courier company with a 21 year record of providing the highest quality personalised service and the most efficient logistic solutions for diamonds, jewelry, gold, coins, bank notes, and valuable documents. Our correspondent in Brussels caught up with Nigel Paxman, CEO of the Malca-Amit Group of Companies, to find out more about this company.Gokhran is planning to buyout rough diamond from AK ALROSA fro the total amount of 12 billion rubles in 2009, as a source from Gokhran told Interfax agency.
According to the source, the amount stipulated includes 3.69 billion rubles annually allocated for rough buyout in compliance with the Gokhran’s plan, which were spent for ALROSA’s rough at the beginning of 2009. Approximately 8.4 billion rubles including VAT were allocated for additional rough purchases – these consignments of rough were sold by ALROSA in June.
ALROSA intended to substantially increase rough sales to Gokhran in 2009, compared to 2008. At the end of 2008 ALROSA stated its plans to form rough reserves at Gokhran for total amount of $2 billion and company’s CEO Sergey Vybornov stated in March that they might sell up to 40-50% of aggregate diamond output to Gokhran.
Yakutian OJSC Nizhne-Lenskoye and Uralalmaz (Leviev’s Group) also applied to Gokhran for rough buyout in 2009, but their stock has not been bought yet. According to the source from Gokhran, the Fund has balance of money which may be allocated for purchase of stock from any other companies, besides ALROSA.
Gokhran’s overall plan for rough purchase in 2009 amounts to 14.46 billion rubles.
Besides 12 billion rubles allocated for rough buyout from ALROSA, Gokhran will buy polished diamonds from Russian largest diamond producer Smolensk Kristall for total amount of 1.96 billion rubles.
Interfax
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