Norilsk Nickel and Botswana: From dispute to dialogue

Norilsk Nickel (Nornickel) recently said that it settled its three-year dispute with the government of Botswana and BCL Group over the sale of its assets, which included a 50% stake in the Nkomati joint venture. The group was made up of BCL...

Today

China’s LGD industry is growing in leaps and bounds…

The world over, interest in cheaper and more accessible alternatives to mined diamonds began much earlier than one would like to accept. While the others faded away as cheap alternatives, the Lab-grown Diamonds (LGDs) which is grown in a lab...

22 november 2021

Lower Rough Supply Driving Greater Efficiency

(diamonds.net) - Rough-diamond production is not expected to return to pre-pandemic levels. The coronavirus forced the mining companies to rethink their production programs and downscale accordingly. However, 2020 was always going to be a tipping point for supply. Global...

Today

A New Definition of Sustainable

(idexonline.com) - I was surprised to find the word "sustainable" missing from my dictionary.  I'm not joking.  All the pages are intact, but my battered Oxford Concise Dictionary from school goes straight from "sustain" to "sustenance"...

26 november 2021

De Beers Raises Prices of Cheaper Rough Diamonds

(diamonds.net) - De Beers increased prices of certain lower-value rough diamonds at its November sight as US consumer demand strengthened ahead of the holidays. Prices in the cheapest categories rose by low-single-digit percentages, customers told Rapaport News. This...

25 november 2021

Global diamond rough output to reach 120Mcts this year – Zimnisky

Today

The global rough diamond output is expected to reach 120 million carats this year compared to a high of 150 million carats in 2017, according to an independent diamond analyst. Global rough diamond output fell by about 20% to 111.4 million carats last year due to the COVID-19 pandemic.

Angola wants to polish 20% of the country’s total rough production

Today

“It is our target to polish 20% of our total diamond output per year,” mineral resources minister Diamantino Azevedo told the Angola International Diamond Conference (AIDC) in Saurimo. “I know 20% is not an easy task, but that is the path that we want to take for our country and Africa to add value to our natural resources.”

Gem Auctions DMCC closes largest debut rough diamond sale in industry history

26 november 2021

Gem Auctions DMCC founded by mining entrepreneur Alan Davies, held its first-ever rough diamond auction in Dubai this week. The company sold 120,000 carats for over $57 mn, marking the largest rough diamond auction debut by a new company in the history of the trade.

Luaxe full-scale mining operations ‘expected soon’ – Alrosa Angola

26 november 2021

Full-scale mining operations at the Luaxe diamond project in the Eastern Lunda Sul province are “expected soon”, according to Alrosa. Company director-general in Angola Alexander Gorlov told a diamond conference in Saurimo that they had completed exploration work at the project.

Lucara revises FY 2022 revenue, sales, production guidance upwards

26 november 2021

Lucara Diamond which owns the Karowe mine in Botswana has revised its guidance on diamond revenue for the full year 2022 from $185 million to $215 million.

Rio Tinto begins community, environmental engagements over Chiri diamond JV

26 november 2021

Rio Tinto Angola has commenced community and environmental engagements over its Chiri diamond concession in the Lunda Norte Province, according to a senior company official.

Angola still working on the establishment of diamond exchange

25 november 2021

Angola is still working on the implementation of a diamond exchange, which will be second on the African continent, a senior government official has said.

Angola produces 6.5 M Cts in the first 10 months of 2021

25 november 2021

Angola produced 6.5 million carats of rough diamonds in the first 10 months of the year, according to the country’s mineral resources minister.

The indelicate balance of ethics against profit

I am slightly pained to write this blog, as over the years I've made many close friends and contacts in Switzerland, not to mention worked very closely with several Swiss-based companies as part of our recently launched DMCC Crypto Centre, including...

Today

Yakut diamonds, the symphony of permafrost

The Yakutia-based Kierge company, one of the Top 100 of the leading jewellery brands in Russia, opened its showroom in Moscow this autumn, which is gaining popularity in the capital of Russia. “Kierge” is the Yakut for a “finery, decoration” in a broad...

22 november 2021

Vladislav Zhdanov - “The use of diamonds in high technologies is the main and key target of the diamond synthesis technologies”

Vladislav Zhdanov, Professor at the Higher School of Economics, Advisor to Director General - Chairman of the Management Board of the Russian Railways company, and former Vice President of ALROSA (2015-2018). He is a physicist by background...

15 november 2021

Ali Pastorini: The white diamond is the equivalent of a white shirt for a woman

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association that brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

08 november 2021

“As a purist and old school diamantaire, I don't believe in LGD,” says Vin Lee, CEO Grand Metropolitan

Vin Lee, the King of Luxury, doesn’t need any introduction. He is a self-made billionaire CEO of Grand Metropolitan. The Beverly Hills' family office Grand Metropolitan is $7 billion AUM privately-held luxury goods holding company with a 60-brand...

01 november 2021