Botswana Diamonds deal with Diamexstrat, Burgundy more extensive than that with Alrosa – Campbell

Botswana Diamonds recently entered into a cooperation agreement with Diamexstrat Botswana and its partner, Burgundy to fund exploration of its prospecting licence assets in the southern African country. Company managing director James Campbell told Rough&Polished's...

01 march 2021

‘By democratizing luxury, lab-grown diamonds are heading towards opening the widest consumer base globally the diamond industry has ever experienced’, asserts Amish Shah, President, ALTR Created Diamonds

A third-generation diamantaire, Amish Shah, President of ALTR Created Diamonds and pioneer of the lab-grown diamond market has never been afraid to challenge the status quo. After gaining experience, through his family business in the diamond industry...

22 february 2021

Debbie Azar: “I believe that natural and laboratory-grown diamonds are two separate products that can complement each other through their unique features and benefits”

GSI is one of the largest gemological organizations in the world with 13 laboratories globally. GSI’s four pillars – integrity, innovation, professional service, and research & education – serve as the backbone of its business and provide a layer of...

15 february 2021

Consumer spending on diamonds exceeds expectations as rough demand outstrips supply – Zimnisky

Consumer spending on diamonds exceeded expectations in the fourth quarter of 2020 and has continued through early 2021, according to a top industry expert. Diamond industry analyst Paul Zimnisky told Rough&Polished’s Mathew Nyaungwa that a multi-year...

08 february 2021

Every crisis creates new opportunities

Pravin Shah has been in the business of diamonds for four decades; his technical expertise and thorough knowledge of the whole diamond manufacturing process sets him apart.
As a director, Pravin Shah is in charge of all the operations at two manufacturing...

01 february 2021

What polished diamonds and Zoom have in common?

21 december 2020

The diamond industry, which was hit hard at the first stage including due to transport restrictions, suddenly, looks like a beneficiary of the COVID-19 pandemic towards the end of the year. The lifting of strict quarantines triggered a ‘broken-down’ diamond trading mechanism, as the sightholders were able to fly to Antwerp or Moscow to view and buy their goods. At the same time, global travelling is at a very low level due to a sharp increase in the COVID-19 infections, and restaurants are closing or restricting attendance. In the run-up to the holidays, a significant portion of the funds that should have been spent on travelling or dining out may be spent to purchase diamond jewellery.

A new trump in favor of undervalued platinum

14 december 2020

In Q3 this year, platinum, along with other precious and non-ferrous metals, recovered rapidly from the collapse caused by the COVID-19 pandemic. The demand for the metal outstripped the supply volumes suffered from a series of failures at the Anglo American Platinum facilities. The growth was driven by a general recovery in the economy due to easing the coronavirus restrictions and giving monetary incentives. The structural deficit in the platinum market could result in new record prices, but the quotation dynamics is inferior not only to palladium, gold and silver, but also to copper and aluminum. One of the main reasons is the continuing decline in the production of diesel-powered vehicles with platinum as the main metal for catalytic converters. But even if this sector stagnates, platinum has another trump in its favor. The confidence in its long-term prospects is based on the shift to a hydrogen-based economy, which shows the wider use of the fuel cell vehicles and the electrolyzers using platinum to generate ‘green’ hydrogen. The pent-up jewellery demand could provide a short-term support for platinum.

Mine. Sell. Divide.

07 december 2020

The Russian diamond industry has a unique feature - it was founded and developed for quite a long time within the framework of the economic system, which is commonly called ‘planned’, ‘command-administrative’, ‘socialist’. In the face of today's ordeal, which the diamond market is undergoing due to the COVID-19 pandemic, it seems very interesting to assess the results of the similar ‘stress tests’ underwent by the USSR diamond industry. Maybe, the USSR experience can be useful when making anti-crisis decisions?

De Beers sees strong demand for diamond jewellery despite COVID-19 pandemic

30 november 2020

Diamond giant, De Beers has made efforts to understand the consumer perspective, particularly in the United States, following the COVID-19 pandemic. The group is conducting additional consumer, retailer and supply chain touch-bases to understand the pain points and the opportunities for partners large and small across the pipeline. It noted in its latest Diamond Insight Flash Report that although consumer optimism on personal finance and the financial position of the United States is slightly lower than at the beginning of the pandemic, expectations continue to be strong that in the longer term (next three years), the country and the economy will recover. De Beers said fine jewellery retailers are reporting that their diamond sales are strong this holiday season, with bridal being the primary driver for consumer demand.

India’s diamond manufacturing sector surges on…

23 november 2020

It’s almost business as usual here in India’s diamond cutting and polishing hub of Surat. The manufacturing sector is likely to buzz with activity after Diwali as nearly 200,000 migrant workers are expected to return to work. With orders reportedly pouring in from across the world, including the key markets of the United States of America and China, the manufacturers are hell-bent on completing the orders much before Christmas and New Year. This year, the Diwali holiday at Surat diamond units was cut down to fewer days, from a fortnight to a month traditionally, so that the trade can recover its business that has been lost due to the COVID-19-induced lockdown.

When the diamond market rising along with the ‘fear index’

16 november 2020

The diamond market continued its strengthening in October amid the robust jewellery sales in the US and China where a low tourism activity is offset by a strong domestic demand. The rebound in the retail and improved margins in the midstream are driving active rough diamond purchases. Today, practically everything suggests that we are in a full-fledged growth cycle of the diamond market. But it is unlikely that any of the market players can forget that the same undeniable growth cycle in January-February 2020 was relentlessly interrupted by the COVID-19 pandemic. They will not forget that the coronavirus is not the only risk factor - and may be not the main one - because the problems of the changing consumer preferences and the expansion of the lab grown diamonds still exist. The stock market has a very indicative volatility index, VIX. Also referred to as the ‘fear index’, it reflects the traders’ expectations on the volatility of the major US S&P index over the next 30 days. At the moments of uncertainty, which are many in 2020, the investors pay more attention to it than to other indicators. Usually, the dependence is clear - when the VIX declines the stock market rallies, and vice versa. The ‘fear Index’ hit a record high in mid-March this year when the market nose-dived, but then it decreased quickly as the market bounced off the bottom. In September-October, with the US elections approaching and the lack of new economic incentives to justify the stock market's skyrocketing since then, the VIX began to rally again. This time, the volatility index growth was accompanied by the S&P index growth, which is a very rare and alarming signal. In this situation, the investors began to lose faith in the validity of the current bid prices and started fixing the positions. If the diamond market had an analogue of the VIX, this index would probably also be quite high now and prompted the diamantaires to assess the prospects as carefully as possible after the successes achieved in August-October.

Mining companies and local communities: the balance of give and take

09 november 2020

Most mining companies often clash with the local communities whenever they intend to establish a new mine that leads to their relocation. Some fights are due to potential environmental challenges such as the contamination of rivers or the suffering of humans and livestock due to the effects of mercury and cyanide. Some communities are also complaining of air and noise pollution due to mining operations in their areas.

India’s gem and jewellery industry getting back on track

02 november 2020

By July 2020, the COVID-19 pandemic had reached a rather alarming stage in India. And, not surprisingly Surat, the biggest diamond cutting centre of India was badly hit too. So, the city saw a massive exodus of diamond industry workers leaving the city in large numbers. This eventually left most of the diamond units big and small closed, with workers employed in these units leaving the Gujarat city every day, as they were left with no source of income. The Surat Diamond Workers Union President Jaysukh Gajera feared at that time that 70 per cent of the workers who were leaving the city may never come back.

Japan's diamond market: spring, summer, autumn, winter and … spring again?

26 october 2020

Several decades ago, Japan was one of the world's major diamond jewellery consumers, along with the United States. That said, there was virtually no diamond market in the country until the middle of the 20th century. The question arises as to how it gained momentum and powerful development and why it is now in the slow lane? Let's try to figure it out.

Angola liberalizes mining industry

19 october 2020

Angola is experiencing a new moment in its political history, with governance now led by the new President of the republic, João Manuel Gonçalves Lourenço, who replaced José Eduardo dos Santos, who led the country's destinies for 38 years. The new Head of State chose to fight corruption, impunity and nepotism as the banner of his government but at the same time has listed reforms in different sectors of the national life, such as the bet on the diversification of the national economy with a strong bet on agriculture. The basis of an entire economy that aims to be revitalized.