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Mozambique eyes commercial diamond mining

Mozambique confirmed last month the discovery of diamonds in the Massangena district of the Gaza province. The country had been working, with the help of Angola, towards the certification of its diamond mining by the Kimberley Process. The certification...

Yesterday

Diamond should always be the real thing - Ali Pastorini

Ali Pastorini, Senior Vice-President of the World Jewelry Hub in Panama City and owner/partner of DEL LIMA JEWERLY in an interview to Rough & Polished talked about the trends of the jewelry market in Latin America, the preferences of its consumers...

22 august 2016

We are in a seasonally quieter period for demand – De Beers

De Beers’ rough diamond production dropped 15 percent to 13.3 million carats during the first half of 2016 compared to 15.6 million carats, a year earlier, reflecting the decision to reduce production in response to prevailing trading conditions in the...

15 august 2016

The task set before industry is to provide consumer with maximum information about diamonds we sell

(Interfax.ru) - After “conflict diamonds” have been virtually excluded from the market by the Kimberley Process (KP), the latter, as well as the World Diamond Council (WDC) found they...

08 august 2016

"I believe that honesty, integrity, and impeccable customer service are the key points to maintaining a long-lasting company” - Leibish Polnauer

More than 35 years ago, Leibish Polnauer entered the industry, trading in fancy cut diamonds but soon the love for color drew him into the fancy colored diamond sector. The mid 90s saw him develop his first online website and he eventually became one...

08 august 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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