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Nurit Rothmann: Gradually Breaking Down Industry Barriers

Diamantaire Nurit Rothmann has been working in the diamond industry for the past two decades. Starting out in polished goods, but in the past 15 years working in rough goods, she is optimistic about the future, saying the global diamond industry has...

Yesterday

The 37th World Diamond Congress in Dubai - "Finally, a chance for the entire diamond trade to speak with one voice"

The World Diamond Congress is the most important forum of the global diamond industry, which, in the words of Ernie Blom, President of the World Federation of Diamond Bourses (WFDB), gives its participants an opportunity to express their views on the...

16 may 2016

Moscow, Kremlin, Ilgiz F. and his jewels

The Kremlin Assumption Belfry housed an exhibition of Russian jeweler Ilgiz Fazulzyanov, "Jewels Inspired by Nature." Visitors still cherish the memory of other jewelry exhibitions held in the Kremlin earlier, like "Diamond in Russian Avant-Garde", Faberge...

10 may 2016

All industry members should operate their businesses prudently

Venus Jewel calls themselves ‘Leaders in Solitaires’ and rightly so, given that they are one of the leading Indian companies dealing in solitaires. Rajesh Shah, Partner at Venus Jewel, takes great pride in the fact that the company has 20 years of leadership...

04 may 2016

Diamonds performing ‘a little bit better’ than most commodities – Deloitte analyst

Liquidity crunch and a sluggish Chinese economic growth, inter-alia, dampened the appetite for rough diamonds last year. Mining analyst and partner at Deloitte Tony Zoghby told Rough & Polished’s Mathew Nyaungwa that despite the depression, diamonds...

25 april 2016

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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