Pandora’s endorsement of lab-grown stones will not devalue natural diamonds – Zimnisky

Jewellery retailer Pandora recently announced that it will no longer purchase natural diamonds as it had switched to lab-grown diamonds. However, diamond market analyst Paul Zimnisky told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that...

07 june 2021

“The volume of Forevermark diamonds that we drive through Indian partners is much higher than in other parts of the world,” says Sachin Jain

Sachin Jain has been a part of the Indian arm of De Beers that dates back to 2010 when he came on board as Head of Retail. In year 2014 he took over as President of Forevermark and today he is the Managing Director of De Beers, India. His single-minded...

31 may 2021

GSI's new Jaipur office to specialize in colored gemstones

Gemological Science International (GSI) has opened a new laboratory in Jaipur, India. Since this state is the capital of colored gemstones, the laboratory will have a dedicated division specializing in colored gemstone geographical origin and...

24 may 2021

“We welcome the mandatory hallmarking in the interest of consumers, but it is also essential to have proper and evenly spread infrastructure across India,” asserts Ashish Pethe, Chairman, GJC

Ashish Pethe, Chairman of All India Gem and Jewellery Domestic Council (GJC), formerly known as All India Gems & Jewellery Trade Federation (GJF) is based in Mumbai. As the third-generation heir of M/s Waman Hari Pethe Jewellers established...

17 may 2021

ALMAR is a case in point that will serve to develop the process of funding junior companies and geological exploration in general

Arkticheskaya Gornaya Kompaniya (AGK, Arctic Mining Company) develops the diamond deposits in the Lena-Anabar diamondiferous sub-province of Yakutia under the ALMAR (Diamonds of the Arctic) brand. This company attracts investments for...

10 may 2021

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.

Platinum looks to the hydrogen future - 1

03 august 2020

The platinum investment portfolio lacks a strong technology push like the one experienced by palladium in 2015 due to ‘Dieselgate’. The scandal that revealed that gasoline engines were more environmentally friendly than diesel ones*, undermined the platinum's position in the automotive industry and laid the basis for a palladium rally. As a result, the palladium prices exceeded the price of platinum in mid-2017, and the gap has widened since then. Platinum is now at the last year’s level, which may be not so bad for most commodities given the current crisis this year but worse than gold (+24%), palladium (+24%), and rhodium (+29%).

Diamond industry of Angola

27 july 2020

Diamond mining in Angola dates back to 1917 when a consortium of Belgian, English and Portuguese investors established Companhia de Diamantes de Angola, or Diamang. In 1961, a civil war broke out in Angola against the Portuguese colonialism. In 1975, Angola gained independence. In 1981, ENDIAMA, Angola's state-owned diamond company, was set up based in Luanda, the capital of Angola. In 2002, Angola joined the Kimberley Process Certification System. At the end of July 2020, the annual report for 2019 was released.

ALROSA: crisis and diversification

20 july 2020

The diamond industry has already suffered heavy losses due to the pandemic. In fact, today rough diamond sales are suspended globally, and so far, the time limits for this pause are unclear. The possible ‘second wave’ of COVID-19 threatens with new losses, which may result in aggressive measures to save the diamond mining companies, the most capital-intensive part of the ‘diamond pipeline’. Against this background, the old discussion about the diversification of ALROSA’s products is particularly urgent, which, from the point of view of some participants, can be considered as a real anti-crisis measure to hedge the risks due to the current problems facing the rough and polished diamond industry.

Is the end in sight for Sights?

13 july 2020

With all the changes occurring in the diamond supply pipeline, the big miners may consider the ways they sell their rough to the downstream market.

The state and utilization of rough diamonds in the Russian Federation

06 july 2020

The Russian Federation has the world's largest diamond resource base - the gemstone reserves in the country's interior are nearly 1,135 mn carats. In addition, Russia accounts for huge impact diamond reserves in the amount of 268 bn carats. Russia is a world leader in the production of rough diamonds: in 2018, 43.2 mn carats worth $3,983 mn were recovered in the country.

Diamond production in Russia and Yakutia in 2008-2019

29 june 2020

Given the slowdown in rough diamond production of mining companies across the world caused by the coronavirus pandemic, it seems interesting to see how diamond mining has developed over the past decade.