“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

De Beers scaling up Tracr ahead of formal launch

De Beers tracked 100 high-value diamonds along the value chain during the pilot of Tracr™, its industry blockchain platform, for the first time in May last year. A De Beers spokesperson Bianca Ruakere told Rough & Polished in an exclusive interview that...

13 may 2019

The perfect couple - platinum and diamonds

The Jewelry House of Leon Megé located in New York has long been firmly established in the jewelry market as a source of magnificent jewelry, in which platinum and diamonds often sparkle being married together and attracting everyone’s eyes, but are...

06 may 2019

The technology of growing single-crystal diamonds has now become industrial in nature

It is believed that the reserves of natural diamonds will be exhausted by the middle of the century, and therefore production of synthetic diamonds is rapidly gaining relevance. According to Business Insider India’s estimates, the global synthetic diamond...

29 april 2019

De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

22 april 2019

The Last International

20 may 2019

The best diamond deposit in the world - the International Diamond Pipe (Internatsionalnaya in Russian) containing more than 7 carats of diamonds per tonne, was discovered by Soviet geologists in 1969. It was put into operation in record time and developed by the open-pit method in 1981. 75% of diamonds in this deposit are of gem quality, exceeding 2 mm in size and priced very high. The country needed high-quality diamonds, and this small diamond pipe was exhausted fairly quickly. Subsequently, the management of the Yakutalmaz Trust decided to build an underground mine, one of the first in the world.

The prospects of the development of the global top diamond mining companies

13 may 2019

The 2009 economic crisis has dramatically changed the pre-crisis balance between diamond mining, cutting&polishing and diamond goods trading companies and the competition between them under these circumstances has sharply increased. As a matter of fact, the third millennium, in which we have lived through quite a measurable part, is bringing about truly unprecedented changes. While until recently, there were four major companies, that played a key role in the diamond industry, nowadays, the situation is changing fast and second-tier companies are beginning to come to the forefront. Therefore, to assess the prospects for the development of the global diamond mining segment at present, it is essential to better define the place and role of companies in the future ranking within the diamond hierarchy on the basis of strategic analysis.

The global diamond mining industry in 2018

06 may 2019

In July this year, the Kimberley Process will release the statistics on the rough diamonds mined and sold by the countries in 2018. Last year, the same 23 countries were in the commercial diamond mining as in the previous years. Without this data at hand, we can estimate rather accurately the actual diamond production as well as the financial results of the global rough diamond trade based on the sum of the major diamond miners’ performance data in 2018.

Magic of Lab-Grown Diamonds, To Be Discovered

30 april 2019

Guangzhou Diamond Exchange (GZDE) held a forum entitled “Discover the Magics of Lab-Grown Diamonds” on April 20 during the 2019 China International Gold, Jewellery & Gem Fair – Shenzhen (Shenzhen Jewellery Fair). If the year of 2019 is expected to be the first year seeing large-scale commercial applications of lab-grown diamonds (LGDs), this forum is undoubtedly a key event during that trend. China's leading LGD producers, wholesalers, retailers as well as experts of jewellery design, industrial design, fashion industry and brand consulting gathered at the Shenzhen Jewellery Fair, brain storming the commercial application of LGDs.

Diamond slavery

29 april 2019

The  diamond business has many dark pages in its history, but the use of the convict labour in the diamond mining industry for many years gives the most painful impression. This practice was applied in the South Africa and the Soviet Union only. Undoubtedly, De Beers surpassed in this – this company had started to employ prisoners in diamond mining since 1885. It appears that in the USSR such practice was of real interest almost immediately after the discovery of the first alluvial deposits in the Ural area. In 1940, the secretary of the Economic Council under the Council of People's Commissars Mikhail Pomaznev supervising the diamond geology at that time applied to the Head of the GULAG Vasiliy Chernyshev requesting to provide several hundreds prisoners to staff the diamond mining parties and got a positive answer.3 From that year on, the time of the most shameful affair in the Soviet diamond industry history began.  

Investor Sentiment in Diamond Mining Stocks Makes for a Contrarian Play

22 april 2019

On ALROSA’s (MICEX: ALRS) Capital Markets Day on March 18th, the company said the most frequently asked questions it gets during 1-on-1 meetings with investors are those related to the impact that “synthetic” diamonds will have on the business. Three days later, on a Mountain Province Diamonds (TSX: MPVD) analyst call following the company’s full year 2018 results, a portfolio manager posed more of a statement than a question in the Q&A portion of the call starkly reflecting a wider sentiment of institutional investors’ view of the diamond mining industry at the moment. The PM bluntly addressed their opinion on the threat they believe lab-created diamonds pose to natural.

Is this Botswana Diamonds’ eureka moment?

15 april 2019

The now defunct African Diamonds (AFD) discovered the AK6 mine, in Botswana, which was acquired by Lucara Diamond in 2010 and renamed Karowe Mine. Karowe, which was fully commissioned in the second quarter of 2012, is one of the world’s foremost producers of large, high quality, Type IIA diamonds in excess of 10.8 carats, including the historic 1,109 carat Lesedi La Rona and the 813 carat Constellation. Lucara and AFD were joint venture partners in the AK6 diamond development project, after the former bought De Beers' stake in the project early 2010. AFD owned 40% of AK6, as well as a portfolio of exploration projects in Botswana. The chairperson of AFD was non-other than John Teeling, who now leads Botswana Diamonds, which has exploration projects in Botswana and South Africa.

From Russia with Grib

06 april 2019

Recently, I have been so fascinated by the vivid initiatives of Russia’s dominant diamond miner, ALROSA that I completely lost sight of a very remarkable company - the second and at the same time the only privately-owned Russian diamond miner, which has nothing to do with ALROSA. This miner is Arkhangelskgeoldobycha, now called AGD Diamonds.

Adventures of diamond dilettantes

01 april 2019

The powerful intensification of diamond mining operations in Yakutia, which started 1959, could not but alarm De Beers. The market was clearly not ready to digest such an amount of diamonds, and there was no doubt that these diamonds would be exported — the USSR’s own needs for industrial diamonds did not exceed one tenth of the declared production target. The problem required a quick solution. In the fall of 1959, Philip Oppenheimer, head of De Beers’ Central Selling Organization arrived in the USSR, and the first official contract for the supply of rough diamonds between the USSR and De Beers was signed.

On innovations in Russia’s Administrative Violations Code: Squelch them at once to save their suffering...

27 march 2019

As I see it, the "humanism" of the innovations introduced in Article 19.14. of Russia’s Administrative Violations Code (AVC) is in that business entities working with precious metals and precious stones were allowed not to suffer, being instead threatened to be squelched with just a few fines. For good.

← Previous page
1 2 3 4 5