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Lucapa to become a niche diamond company, says Wetherall

Lucapa Diamond believes that it will become the only company in the world with multiple diamond mining operations whose average diamond value is in excess of $1,000 per carat, once the Mothae mine is commissioned this year. Company chief executive and...

19 february 2018

Zimnisky: Diamonds lack fungibility to be a major investment product

Physical diamonds will never be a viable widespread investment product simply because they inherently lack fungibility, meaning they are all unique, according to Paul Zimnisky, an independent diamond industry analyst and consultant, who is based in New...

12 february 2018

Julien-Vincent Brunie: "Being surrounded by beauty and art is a privilege!"

This last December, shortly before Christmas, the Auction House of Christie's arranged a private display of jewelry in Moscow. The correspondent of Rough & Polished, who had an opportunity to visit this event, was able to admire a luxurious collection...

05 february 2018

Ali Pastorini: We would like meeting Mujeres Brillantes 2018 to be held in Russia

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 500 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

29 january 2018

Diamond Exchanges promote healthy development of the diamond industry, besides safe and basic infrastructures for diamond trade

Prior to joining the Guangzhou Diamond Exchange, Liang Weizhang served as a civil servant of Guangdong Entry-Exit Inspection & Quarantine Bureau as the director of the Kimberley Process Office. He participated in the KP Review missions to South Africa...

22 january 2018

Global diamond output to reach 172 mln ct in 2018

20 august 2014

Equity Communications said global diamond output is expected to reach 171.840 million carats in 2018.
It said in a report titled, “The Global Diamond Business 2014” seen by Rough & Polished that diamond producers recovered 130.935 million carats last year, an increase of 2.4 percent from 2012.
Diamond production was projected to rise by 6.7 percent this year led by recovery in DRC and new production from the Grib mine in Russia, said Equity.
“Diamond mining has entered a period of rising output, with the top four diamond mining companies having recovered more diamonds in 2013 compared to 2012,” reads part of the report.
“Cumulative annual growth in diamond production should continue for the remainder of this decade.”
Equity said diamond producers were expected to spend up to $15 billion on new mines and expansions of existing mines in the 10 years to 2018.
“If all projects go according to plan (Zimbabwe included), annual production capacity will likely increase to plus 180 million carats around 2018-2019,” it said.
Meanwhile, Equity said diamond producer sold rough diamonds for $16.772 billion in 2013, an increase of 9.8 percent from 2012.
Diamond producers, it said, would likely have a “bumper” 2014 because of increased production and firmer rough diamond prices.
“Rough diamond prices are generally stronger as we get closer to supply contract renewals by major diamond producers,” said Equity.
“Nevertheless, total sales of rough diamonds will increase by a lower 6.3 percent to reach $17.825 billion in 2014. It is unlikely that Angola will repeat massive stockpile sales in 2014.”

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

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