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.During the visit of Russian Prime Minister Vladimir Putin to India ALROSA will tie up contracts to deliver rough diamonds to Indian diamond cutting factories to the amount of $490 million within the next three years, the company’s spokesman told Rough&Polished.
The intention of the Russian diamond monopoly to expand its activity in the country where the diamond cutting industry employs 800 000 people was aired for the first time, when representatives of the local jewelry industry asked to open a representation office of ALROSA in their country. Recently, Vasant Mehta, GJEPC Chairman, in his interview to Rough&Polished said, “We would welcome ALROSA to open a sales office in India and sell rough diamonds directly to manufacturers.”
Apparently, the Russian company is still pursuing its strategy of long-term contracts for rough diamonds. During the visit it will sign contracts with Diamond India Ltd., Ratilal Becharlal and Sons and Rosy Blue. According to ALROSA’s President Fyodor Andreyev, within the frames of the forthcoming deals rough sales to the Indian companies will grow up to $1 billion or one third of the company’s planned output. He noted that last year ALROSA sold over $500 million worth of its production to India. Fyodor Andreyev informed that ALROSA’s output may reach 34 million carats, approximately as much as in the past year.
The company virtually did not decrease its output rate even during the crisis period and having outstripped De Beers beleaguered by a number of problems became the world's largest producer of rough diamonds.
Tatiana Alexandrova, Rough&Polished, New Delhi
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