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31.08.2015
De Beers cautiously optimistic for outlook in major consumer markets
excl_31082015_x.jpgDiamond giant De Beers, which has so far this year adjusted its sales terms for sightholders due to weak diamond market, has said that it is cautiously optimistic for the outlook in the major consumer markets for the all-important end of year selling season. De Beers Group head of media relations Lynette Gould told Rough & Polished’s Mathew Nyaungwa from her base in London that demand conditions in the near term would be dependent upon consumer demand, retail stocking appetite and the rate of midstream inventory depletion. She also commented on the group’s move to provide increased deferral flexibility in sightholder sales as well as its new licences that were granted in Botswana and South Africa.

24.08.2015
GIA’s Global Leadership Program - Building Bridges between Different Sectors of Global Gem and Jewelry Supply Chain
kathryn_kimmel_x.jpgThe Gemological Institute of America (GIA), well-known for its wide range of education programs, launched yet another training course last year in team with the Harvard Business School (HBS), this time bringing together senior gem and jewelry executives from around the world and offering them an opportunity to discuss challenges facing the industry within the frames of the Global Leadership Program. After a successful start-up, the second edition of this Program was run on June 15-18, 2015 and turned to be in the opinion of one of its participants “a splendid platform for peers from all walks of the industry to discuss and exchange ideas”. Rough&Polished asked Kathryn Kimmel, GIA’s Senior Vice President and Chief Marketing Officer to tell more about this educational initiative and here is what she said.

17.08.2015
Pangolin optimistic of finding diamonds in Botswana
leon_daniels_x.jpgPangolin Diamonds, which prides itself as one of the few exploration companies doing “real” diamond exploration, is optimistic of finding diamonds in Botswana, the world’s leading diamond producing country by value. Company president and chief executive Dr. Leon Daniels told Rough & Polished’s Mathew Nyaungwa that current results in the Malatswae Project suggest they are close to discovery. He said the unusual number of diamonds Pangolin had found in a small area of the Malatswae Project strongly indicate that any discovery in the area would be diamondiferous. Daniels said his company should be a producer, not an explorer within the next five years. He also spoke about the company’s other projects in Botswana.





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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