Now that prices have begun to climb once again it is important not to return to the situation that existed before - Gaetano Cavalieri

The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation members...

24 october 2016

The period of volatility and gradual adjustment will continue in the immediate future - Vipul Shah

Vipul Shah, an ace businessman and visionary, has been instrumental in establishing the Asian Star Group’s global network. Under his guidance, Asian Star, a company solely into diamond manufacturing, ‘metamorphosed’ into a value added, vertically integrated...

17 october 2016

Young diamantaires aim to take diamond industry forward

It started out as an informal meeting of diamantaires attending the 37th World Diamond Congress in Dubai last May, but quickly took off. The World Federation of Diamond Bourses' (WFDB) Young Diamantaires group held its inaugural meeting in Hong Kong...

10 october 2016

Dorothée Gizenga: ‘Blood diamonds’ are no longer the real problem

Dorothée Gizenga, head of the Diamond Development Initiative (DDI), the organization dealing with the traditional diamond mining, in her interview to Rough&Polished told about the challenges facing DDI and the programs it is implementing.

03 october 2016

We estimate gold demand for 2016 to be in the range of 750 to 850 tonnes – Somasundaram, MD, WGC-India

Somasundaram PR joined the World Gold Council in January 2013, as Managing Director, India. Based in Mumbai, Som is responsible for leading the World Gold Council's activities across the Indian gold market. A qualified Chartered Accountant, Som has over...

26 september 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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