Peter Macken: Undisclosed synthetic diamonds do remain a challenge for traders and consumers alike
peter_macken_x.jpgThe HRD Antwerp diamond lab is the largest diamond lab in the world issuing diamond certificates, grading and jewellery reports fully compliant with the rules for grading polished diamonds set by the International Diamond Council (IDC). Its primary shareholder is the Antwerp World Diamond Centre (AWDC), which represents the Belgian diamond industry since 1973. Having over 30 years of grading experience under its belt in Antwerp, the world’s oldest diamond hub, the lab is making continuous contribution to diamond market transparence and fair trade based on the rules established by the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA). Peter Macken, HRD Antwerp’s CEO, describes the company’s business to Rough&Polished.

India’s First Online Gems and Jewellery Industry Portal Catering to B2B Segment
puja_bansal_x.jpgBelonging to a jewellery family and being a certified diamond grader as well, Puja Bansal has been actively involved in manufacturing, retailing, and designing; and has showcased her expertise in several events and fashion shows in India and international fashion arena. Launching herself in the year 1998 as a brand under Khandelwal Jewellers Ltd (KJL), Delhi, Puja’s keen interest in jewellery and her passion for designing led her to conceptualize MYHEERA.COM, a unique online platform, presenting itself as a virtual world of a globally connected business to business stage for the gems and jewelry industry. In this interview with Rough & Polished, Puja talks about her ‘one-of-a-kind’ online B2B portal dedicated to the gem and jewellery industry, serving all the options in a single platform.

The downturn should stop by the middle of next year - Maxim Shkadov
maxim_shkadov_x2.jpgThe Production Corporation of Kristall operating in Smolensk is the major diamond cutting enterprise in Russia established in 1963. It was here that a diamond cutting technique now known worldwide under the brand of Russian Cut was born, when this country introduced a processing standard for cutting and polishing diamonds in 1977 with extremely stringent requirements. The aim of the Russian Cut is the icy mathematical ideal setting fire and brilliance free in a diamond. This kind of experience accumulated over half a century makes Smolensk’s Kristall feel confident in the top segment of the global diamond market in spite of the difficulties currently experienced by the industry. In his interview to Rough&Polished Maxim Shkadov, CEO of Kristall tells about his company’s performance and comments on the situation in the diamond market.

Botswana should offload its stake in De Beers – diamond analyst


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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