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It's our responsibility to capture the imagination of future generations towards diamonds

As CEO of Beverly Hills-based Grand Metropolitan - a privately-held luxury goods holding company with a 130-brand portfolio - Vin Lee carries the burden rather lightly on his shoulders. Having migrated from Canada as a baby, it did not take long for...

11 december 2017

‘Non-diamond producing countries shouldn’t lead KP’

Non-diamond producing countries should not lead the Kimberley Process (KP) as was the case last year with the United Arab Emirates (UAE), according to the African Diamond Council and African Diamond Producers Association chairperson...

04 december 2017

Jewellers’ Guild of Russia sees its mission in creating highly developed national jewellery market

In recent years, the Jewellers’ Guild of Russia has noticeably stepped up its activities. Eduard Utkin, General Manager of this Association told Rough & Polished about what is happening in the country’s jewellery sector, the tasks facing the community...

27 november 2017

Any color diamond is a great investment

Bruno Scarselli belongs to the 3rd generation of the Scarselli family, which has for the last half-century been producing and selling some of the world’s highest quality yellow, blue and pink diamonds available on the market. Bruno heads the company...

20 november 2017

It’s crucial everybody feels confident that their suppliers use the System of Warranties - Stephane Fischler

The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association...

13 november 2017

Petra to produce 1.5m ct per year at newly-acquired Finsch Diamond mine

10 february 2011

Petra Diamonds, which recently acquired Finsch Diamond mine from De Beers, said it will produce 1.5 million carats annually.
Company chief executive Johan Dippenaar told the ongoing Mining Indaba in Cape Town that this was lower than the 2 million carats De Beers produced annually over the last five years.
He, however, said Petra would build production back towards 2 million carats over time, reaching 1.9m carats by 2019.
"It’s not a well known fact but Finsch has produced a number of large, special diamonds over its history and the recovery of significant large, high- value stones can substantially increase the total value of production in any one year,” he told delegates.
Dippenaar said on average, 27 diamonds larger than 50 carats had been recovered annually over the past four years at Finsch.

Mathew Nyaungwa, Rough&Polished, from Cape Town, South Africa

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