De Beers offers buyers flexibility – again

De Beers continued offering flexibility to its diamond buyers at the just ended ninth sales cycle of the year as midstream trading conditions are still in the process of rebalancing.

Yesterday

TAGS’ rough diamond tender in November ends successfully

With the Indian Diwali holidays now behind us, most Indian factories will reopen from 15th November 2019.

Yesterday

Botswana Diamonds recovers first diamonds within two weeks of getting Marsfontein permit

Botswana Diamonds has recovered the first diamonds from plant commissioning activities on the Marsfontein mining permit, in South Africa.

Yesterday

Richemont announces unaudited consolidated results for 6 months ending 30 September 2019

According to the company, sales increased by 9% at actual exchange rates to € 7,397 million and by 6% at constant exchange rates.

Yesterday

Power interruptions crippling ZCDC operations

Constant power interruptions being experienced in Zimbabwe is crippling the operations of the state-owned diamond company, according to a government official.

Yesterday

De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

11 november 2019

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head of strategic communications David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that they are now beginning to witness the miners displaying more formal behaviours and business practices. He also talked about De Beers’ contribution towards the economy of Botswana through their five-decade partnership. The group was recently accused of not helping reduce Botswana’s high levels of poverty and inequalities. Below are excerpts from the interview.

Belgian-quality diamond boiling in Dubai from TRIGEM

05 november 2019

Born in New York, David Zabinsky is CEO & Co-Founder of TRIGEM, an independent diamond service provider in Dubai. Before TRIGEM, David was Manager at Ras Al Khaimah Economic Zone, where he was responsible for securing North and South American investment into Ras Al Khaimah. David is a graduate of Bowdoin College and in his spare time, he competes in the sport of powerlifting. In an interview with Rough&Polished, David Zabinsky talks about TRIGEM, which will launch a diamond boiling service in partnership with Antwerp’s Charlotte Boil in January 2020.

Pavel Shelkov: "Our project is an attempt to fit Russia into the global trend and create a new private company in the diamond industry"

28 october 2019

At the end of September, Moscow hosted the Second Annual Conference, "Gold and Diamond Mining Companies of Russia and Europe." The audience showed great interest to the presentation made by diamond geologist Pavel Shelkov of Almazy Zapolyarya describing the Russian Diamond Holding project on the exploration of new diamond deposits to be followed by diamond mining. Pavel Shelkov told Rough & Polished how this project came to life and what it is to be in the future.

The team that turns sleeping stones into beautiful polished diamonds

21 october 2019

Maxim Zemlyakov is the Director General of ADMS OOO, a company cutting and polishing natural and synthetic diamonds in Oryol. He has been the Director General of Oryol-ALROSA since 2007. Before heading it, he worked as a grinder, cutter, instructor, technologist, chief technologist, and the Deputy Director General. Unfortunately, in 2017, the competitive enterprise (with successful performance figures, with one of the lowest production costs in with the world and product quality that meets international standards) was declared bankrupt, its employees were laid off, the property was sold out. Currently, the factory has new owners and co-founders. Having become one of them, Maxim Zemlyakov, in his new position, revived the business, having assembled the previous team and now he heads it.

Demand will pick up once the season starts

14 october 2019

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business, a retailer should go home with a smile on his face. Because, if the retailer is happy, then wholesaler and manufacturer are also happy… thus also keeping artisans happy and strengthening the entire value chain.’ A founder member of GJC, Padmanaban is the current Chairman of All India Gem and Jewellery Domestic Council (GJC), which was formerly known as All India Gems & Jewellery Trade Federation (GJF). Padmanaban has decades of experience in the Indian Jewellery sector. His retail Brand NAC Jewellers is well-known in India. Here, in an interview with Rough & Polished, Anantha Padmanaban is optimistic on the jewellery sector of India and confident of its further growth and contribution to the country’s GDP.

Prospects for discovering new diamond deposits in the Arkhangelsk Province are far from exhausted

07 october 2019

ALMAZINTECH is engaged in technical auditing and comprehensive assessment of activities performed by exploration, diamond mining and gold mining businesses in Russia and other countries, as well as carries out research and development. It employs highly qualified specialists in mining and geology, who have implemented a number of important projects in their fields. Konstantin Godun and Sergey Bezborodov, who are deputy general managers of the company told Rough&Polished about ALMAZINTECH’s business.

Botswana Diamonds eyes expansion of Thorny River to include Marsfontein – Campbell

30 september 2019

Botswana Diamonds, which has a 40% stake in Thorny River, through Vutomi, said there are plans to expand the project located in South Africa to include Marsfontein once a mining permit for the latter has been awarded. Company managing director James Campbell told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the integration is due to the common geology and currently contiguous boundary. The worked-out Marsfontein diamond mine was host to eluvial diamond deposits running at grades of 1,433 cpht. Botswana Diamonds said last June that Vutomi's application for a mining permit over a portion of the Marsfontein farm was accepted by the authorities.  The company also recently signed an agreement with Eurafrican Diamond Corporation to contract mine Marsfontein diamond bearing gravels and residual stockpiles.

Diamond knife and tender system: The tight-fisted paying twice?

23 september 2019

LLC Kristalin is the only company in Russia that manufactures microsurgical diamond blades for domestic healthcare that meet international requirements and are used in ophthalmology, neurosurgery and plastic surgery. Mikhail Zhiltsov, the company’s Deputy CEO sat for an interview with Rough & Polished telling about the production of these unique tools, the technology used in this process, as well as about the sales problems facing Kristalin.

Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

16 september 2019

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished on the eve of this event.

“The industry is under some pressure, and as we all know, diamonds are formed under great pressure!”, says Dr Martin Leake

09 september 2019

A veteran in the field of precious stones, Dr Martin Leake a doctorate geologist had worked for 22 years with BHP Billiton; and also set up a world-class marketing unit for Grib Diamonds in Antwerp. Later, as an Independent Consultant, Dr Martin Leake was involved in many projects, including developing transparency in Commodity markets, Strategy, Sales, Marketing, Value Chain analysis, Price Discovery, Business Improvement (six sigma black belt), Optimising Processes / Process Discipline, Organisational Change Management and Sales Transformation and so on… Currently, Dr Martin Leake is the Secretary to the Dubai Diamond Exchange and is Responsible for Precious Stones at the Dubai Multi Commodity Centre (DMCC). In an interview with Rough&Polished, Dr Martin Leake talks about the much awaited ‘Dubai Diamond Conference, which is coming up later this month; and also expresses his confidence on the global diamond industry becoming stronger very soon.

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