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22.09.2014
The future of Zim diamond mining hinges on political developments
farai_maguwu_preview.jpgOne of Zimbabwe’s most vocal critics of the state of diamond mining in Marange, Farai Maguwu, who is also the executive director of the Centre for Natural Resource Governance, said that while he is not armed with a “crystal ball” to foretell the future of diamond mining in Marange, he is of the view that this hinges on political developments in the country. He told Rough &Polished’s Mathew Nyaungwa in an exclusive interview that it was a fact that alluvial diamond deposits had depleted on claims given to the current miners digging for stones in partnership with the Zimbabwe Mining Development Corporation (ZMDC), but there were some claims yet to be touched.

15.09.2014
More people are now opting for diamonds rather than plain gold jewellery, because they offer a greater investment opportunity and are trendier
rajiv_popley_preview.jpgRajiv Popley, Director of Popley Group, is well-known in the jewellery and watch sector in Mumbai. In the year 2006, Rajiv launched the first Indian boutiques for Tag Heuer and Omega. His passion for watches and luxury led him to build trade relations with Switzerland by fostering the Indo-Swiss society. Rajiv was also one of the first few to launch platinum jewellery India in association with Platinum Guild International. He has been promoting this rare metal for over a decade. In an interview with Rough&Polished, Rajiv sees the Indian jewellery market becoming more demand-driven with the younger generation playing a major part in the future.

08.09.2014
De Beers opens door for non-sightholder diamond businesses
lynette_gould_substitute_preview.jpgDe Beers said the proposed amendments to the group’s allocations model will involve a new method for determining Global Sightholder Sales’ rough diamond customer-base, with a simplified, compliance and demand-based customer qualification process being introduced. The group’s head of media relations Lynette Gould told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that non-Sightholder diamond businesses that meet the compliance requirements, but have not demonstrated sufficient demand for primary source De Beers rough diamonds over a reference period, would be eligible to purchase the so-called Ex plan rough diamonds.





ALROSA kicks off its first round of e-commerce selling rough diamonds

06.07.2011

On July 5, the Market Council of Russian diamond miner ALROSA summed up the results of an experimental round of online rough diamond sales. According to the company’s press release received by Rough&Polished, the auction was held for market participants on a specialized electronic platform at direct invitations from ALROSA in accordance with the effective corporate rules for rough diamond auctions.
The first electronic auction put up for sale 108 lots of standard boxes under the current stock list of ALROSA. The diamond miner invited 30 foreign and Russian companies to take part in bidding.
The trading session resulted in approximately $11 million worth of sold goods.
The Market Council considered the experimental auction successful. From the fourth quarter of this year, after fine-tuning the software, outlining the schedule and specifying the notification and participation procedures for buyers of rough diamonds, e-auctions will be carried out on a regular basis.
In 2010, ALROSA produced 34.3 million carats of diamonds worth $2,180 million. The ALROSA Group sold a total of 3,483.6 million worth of diamond goods last year, a record amount in the company’s history.

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