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

Can the diamond market take revenge?

12 october 2020

The diamond market suffering from an oversupply of rough diamonds and changes in the consumer priorities in retail turned out to be a fertile ground for the seeds of COVID-19 that is devastating to the global economy. The coronavirus almost completely froze the diamond trade and forced major players to make unprecedented concessions to their customers - that said, the sales figures have been 10 times less than usual for a long time. Nevertheless, August, traditionally strong for the diamond market, maintained its status despite the fact that the tourist activity being the main driver of demand during this period was clearly lower than last year. The signs of a new cycle in the market were the resumption of jewellery sales in China, an increase in the workload at the Indian cutting and polishing units, as well as an increased demand for rough diamonds. The signs of recovery are very slight now and the situation is entirely dependent on the possible repeated national lockdowns that can decrease the anticipated holiday sales when the industry could take revenge for five difficult months of this year.

Namibia’s diamond production and exports in 2006-2020: from one crisis to another

05 october 2020

Namibia is among the largest global diamond production countries and exporters. Namibia’s offshore rough diamonds are beyond competition as they are brought to the bottom of the Atlantic Ocean in the safest form, and their extraction using mining vessels is not very expensive and the value of one carat is several times higher than that of the diamonds mined from the kimberlite rocks in Africa.

Will diamonds shine brighter than other luxury items?

28 september 2020

According to Bain & Company (The Global Diamond Report 2019), the global jewellery market in 2019 was estimated at approximately $330 bn. Diamond jewellery sales are estimated at $80 bn, and its luxury segment accounts for about 10% (~$8 bn) of the sum. For comparison, the luxury watch market is at $39 bn over the same period, leather goods at $57 bn, and the apparel market at $64 bn (Luxury Goods Worldwide Market Study, Fall-Winter 2019). The fashion market accounts for about a quarter of the total luxury goods market. According to the experts from the McKinsey agency (A multifaceted future: The jewelry industry in 2020), the jewellery market should develop following the luxury apparel market.

Botswana and the global economic crisis

21 september 2020

At present, in terms of diamond mining, this country rightfully has a world lead in the diamond production and the value of rough diamonds. Botswana is also among the major rough diamond exporters in the world.

Junior companies in the diamond industry in Canada and Russia

14 september 2020

Junior companies in the mining industry are understood as small and medium-sized enterprises, the purpose of which is the prospecting and exploration of new mineral deposits. At the same time, upon the discovery of a deposit, a junior company can either sell a licence to a mining company or start developing it on its own. The juniors can develop into large mining companies or specialize exclusively in geological exploration.

Sodiam, a time bomb

07 september 2020

Until September 2017, the end of the ‘never-ending’ presidency of José Eduardo dos Santos, Angola’s diamond industry was quite an obvious system common for such forms of government control. All decisions were taken by the family of the head of the state in the person of its most pro-active member - Isabel dos Santos, the president’s eldest daughter. By coincidence, she was also Africa's first female U.S. dollar billionaire.

ALROSA gets second bailout

31 august 2020

Industry insiders increasingly spread rumors that the decision to purchase the ALROSA's rough diamonds by Gokhran has been made in principle and that the diamond sorting and grading have allegedly already begun under this agreement. The value of this transaction ranges from $0.5 bn to $2.0 bn but most believe that the deal will be at the level of $1 bn. The situation resembles the crisis of 2008-2009. However, the current crisis has a number of differences.

Second-tier companies: Lucara Diamond Corporation, a rising star in global diamond mining

24 august 2020

Lucara Diamond Corporation is one of the newly established and rapidly growing diamond mining companies. The company owns 60% of the AK6 kimberlite project at the Karowe mine in Botswana developed by its wholly owned Boteti Mining Limited.

Platinum looks to the hydrogen future - 2

17 august 2020

The demand for the PGM is decreasing due to the limited sales of new vehicles caused by the increased average length of vehicle ownership (a similar phenomenon was observed during the 2008 financial crisis), says Nornickel. In the first quarter of 2020, the global car production and sales fell by 25% and 20%, respectively, compared to the last year figures. The demand for platinum fell by 17% year-on-year in January-March to 634,000 oz as the plant closures due to COVID-19 made the car output plummet, while uncertainty over the future and caution in spending contributed to an unprecedented drop in sales. Johnson Matthey explains that the temporary closures of automakers will hit the production in the first half of the year, and the consumers’ appetite for high-end purchases is likely to remain low in the rest of the year.

Player No. 3

10 august 2020

The current man-made global crisis has all the chances to dramatically change the landscape of the global diamond industry. I am not saying that the habits of the world’s richest people in the way they consume luxury goods will change greatly (there will be changes, but evolutionary, not revolutionary - this class will never refuse to buy diamonds, LVMH products or airplanes and yachts), I just want to draw your attention to businesses engaged in diamond mining.