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Pavel Vinikhin: ALROSA will make a worthy contribution to the revival of the ‘Russian Cut’ Brand

ALROSA is known as the largest diamond mining company throughout the world. However, not everyone is aware that it has its own diamond-cutting division. For a long time, the activity of DIAMONDS ALROSA remained in the shadows, only occasionally attracting...

16 october 2017

William Lamb: Lucara now knows best routes to market large stones

Lucara Diamond recently announced that Graff Diamonds had bought its 1,109 carat diamond Lesedi La Rona for $53 million. The stone, which is the world’s second largest diamond found since the discovery of the 3,106-carat Cullinan diamond in 1905, failed...

09 october 2017

GSI was the first in the world to begin testing of smaller size diamonds in bulk and has never looked back since - Mark Gershburg

With more than 30 years of experience in the gem lab sector under his belt, Mark Gershburg is an industry veteran widely popular in the global gem and jewelry industry. He began his career in 1980 as a grader but his professionalism, creativity, and...

02 october 2017

Gaetano Cavalieri: Over the long term, demand for diamonds is likely to grow at a steady pace

The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation...

25 september 2017

“I am bullish on the future of the diamond business. Three reasons for this optimism... new discoveries, extending mine life and the increasing demand for diamonds”, says Martin Leake

Martin Leake is a PhD exploration geologist and Six Sigma black belt who has been involved in the rough diamond market since 2004. He worked for BHP Billiton for 22 years and recently left Grib Diamonds where he helped set up a world-class marketing...

18 september 2017

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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