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21.04.2014
Investment diamonds will open a new distribution and sales channel that the diamond industry dearly needs to evolve - Alain Vandenborre, SDiX
The issue of investment diamonds has become particularly clamorous during recent years. While experts continue to debate whether it is possible to turn diamonds into a popular investment tool, Singapore launched the first Singapore Diamond Investment Exchange (SDiX), which is doing quite a brisk business. Its Executive Chairman and founder Alain Vandenborre gave this interview to Rough&Polished where he shared his vision of diamonds as an investor, described the work of the Exchange and told about the existing obstacles for and potential prospects of investment diamonds.

14.04.2014
In India demand for diamond jewellery is growing - Sulish Verma
Vikas Chain & Jewellery (P) Ltd of Delhi is one of the leading manufacturers and wholesalers of gold chains, gems and diamond jewellery in India. The company’s collections comprise superbly crafted jewellery embellished with diamonds and precious stones of the finest quality. In an interview with Rough&Polished, Sulish Verma, the company’s managing director, touches upon the present conditions prevailing in India, its effects on the jewellery sector’s growth and cautions  jewellers to focus on design and quality to survive in the competitive business scenario, as well as to gain the confidence of today’s discerning customers.

07.04.2014
Botswana, SA highly prospective says De Beers
De Beers, a leading global diamond miner in terms of value, said Botswana and South Africa are both highly prospective and geologically form part of the same cratonic region in Southern Africa. The group’s head of media relations Lynette Gould told Rough&Polished’s African Bureau Editor-In-Chief Mathew Nyaungwa that although they had been continuously prospecting for kimberlites in Botswana since 1955, the diamond producer historically had less access to prospective ground in South Africa due to the mineral legislation pre-1994, but with the introduction of the new legislation in 2004, new areas had opened up. Meanwhile, the group said it was currently having discussions with the Angolan government and state-diamond company Endiama for new concessions.





Botswana should offload its stake in De Beers – diamond analyst

17.11.2011

A well-known diamond industry analyst has urged Botswana not to consider upping its stake in De Beers but rather offload its current 15 percent shareholding or bundle it into a holding company.
Botswana government had up to 12 months to decide whether to use an option of increasing its stake in De Beers from the present 15 percent to 25 percent following the Oppenheimers’ decision to sell its 40 percent stake to Anglo-American.
Mmegi quoted Even-Zohar as saying that he had never seen any reason why Botswana should hold a stake in De Beers.
He alleged that Botswana only got the (eventual) 15 percent stake in De Beers because neither Anglo nor the Oppenheimer family wanted the other to hold a majority.
"For a country with a gradually depleting resource, it needs shareholders that respect the economic, budgetary and societal aspirations of the Botswana government," Even-Zohar said.
"For Botswana to hold 15 percent (or any percentage) in De Beers does not make much sense and spending these funds in other investments, diversifying out of diamonds, seems preferable.”
He said with the Debswana diamond resources, Botswana should concentrate on domestic mining production.
“Why would you need to have a small stake in a company that owns other mines in Canada, South Africa or Namibia?  You will never have a real say on policies and are only unnecessarily holding on to passive diamond investments, rather than putting the money to more attractive uses,” Even-Zohar said.
He urged the Botswana government to set up a holding company, which would give it a chance to participate and own shares in the diamond resources while convalescing its investments.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished

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