ALROSA reports its May 2021 diamond sales results

ALROSA reported preliminary rough and polished sales results for May 2021. ALROSA sales of rough and polished diamonds in May totaled $365 million, including proceeds from rough diamond sales of $346 million, and polished diamond sales of $19 million...

11 june 2021

Botswana Diamonds’ Thorny River discovery advances towards resource assessment

The AIM and BSE listed diamond explorer, Botswana Diamonds says it has advanced towards resource assessment at its Thorny River diamond project, in South Africa.

11 june 2021

Chow Tai Fook’s profit up by 107% in FY2021

Chow Tai Fook Jewellery Group’s annual results for the fiscal year 2021 showed the company’s profit grew by 107.7 per cent to $775.83 mn. This was a considerable improvement from a loss of 36.6 per cent in FY2020.

11 june 2021

World’s first regulator-approved diamond coin launched

New diamond coin is pitching itself as an alternative commodity for investors to purchase instead of gold bullion. International Gemological Institute (IGI), which provides grading for gems and jewellery grading, has joined hand with Diamond...

11 june 2021

Namibia blocks Namdia proposal to appoint a diamond evaluator

Namibia’s mines ministry has blocked the state-owned Namib Desert Diamonds (Namdia) chief executive Kennedy Hamutenya’s proposal to appoint his sales manager to replace C-Sixty Investment as the company’s diamond valuator.

10 june 2021

Kapu Gems: Limited diamond manufacturing increases demand

02 november 2020

After completing the commerce degree B. Com, Kalpesh D. Vaghani ventured into the family business. His understanding of the market, diamond intricacies and the global standards technology utilization helped him create a niche for himself. An entrepreneur with 20 years in business leadership, Kalpesh Vaghani is well-versed in all aspects of business formation, operation, finance, and management. An effective communicator and motivator, he is a sales leader with a natural ability for building new businesses, forging loyalty with clients, vendors and overseas business partners.

Chris Del Gatto: “We provide capital to smart companies”

26 october 2020

Chris Del Gatto, CEO & Co-Founder of DELGATTO Diamond Finance Fund L.P., a New York-based non-bank lender to the diamond and jewelry industry, started his career as a diamond cutter when he was just 17. In his early 20’s, Chris went on to co-found a diamond wholesaling firm in fancy colors, and subsequently in 2001, he co-founded a company - a buyer of diamonds. After an offer from De Beers, he subsequently sold an interest in that company to a private equity firm in 2010. It was then that Chris began to focus on the opportunity arising from the commercial banks rapidly retreating from the diamond industry. The DELGATTO Diamond Finance Fund (DDFF), founded in 2018 is the first institutional class lender to focus solely on the diamond and jewelry industry globally. DDFF runs a collateral-based strategy that finances companies up and down the supply chain. The company’s clients include diamond mines, De Beers and ALROSA contract buyers, polished diamond traders, estate jewelry, colored stone as well as high-end watch wholesalers. Here, in an interview with Rough&Polished, Chris elaborates on his company’s workings but also puts forth his opinion on the current situation in the global gem and jewellery industry; and how it will fare in the post-COVID times going forward.

Lunhianga Project: "The forecasts for this year point to the production of about 100 thousand carats of diamonds"

19 october 2020

Advanced information, by the coordinator of Endiama’s Lunhinga Project Management Committee, Adérito Gaspar, points to a drop in production due to the pandemic, but with good prospects in view of the potential of the kimberlites of Camatchia, in production, and of Camagico, both located in the province of Lunda-Norte, in the East of Angola.

Crisis is the way to development

12 october 2020

Maria Krasnova belongs to the second generation of the St. Petersburg jewellers. She is a daughter of Pavel Sokolov, the founder of ‘Samotsvety ot Sokolova’ (Gems by Sokolov), a jeweller and expert gemologist famous for his collection of unique precious stones. He is a co-owner and managing partner of the Mousson Atelier founded in 2008 in St. Petersburg and creating perfect quality jewellery pieces in a modern style.

Gaetano Cavalieri: Diamond producers no longer insisting that clients purchase what they are offered

05 october 2020

Dr. Gaetano Cavalieri has served for the past 19 years as president of CIBJO, the World Jewellery Confederation. Uniting national jewellery and gemstone associations from more than 40 countries, including Russia, and many of the industry’s major corporations and international associations, CIBJO is the industry’s oldest international organization, having been established in 1926. In 2006, the CIBJO was the only organization granted the official status of a consultant to the UN Economic and Social Council on the development of the global jewelry industry. Gaetano Cavalieri kindly agreed to answer questions from Rough&Polished related to the most pressing topic for the world community today – the COVID-19 coronavirus.

Worth of gold and diamonds

28 september 2020

Initiatives in Arts and Culture and De Beers recently co-hosted a webinar on the worth of gold and diamonds. The webinar, which was moderated by Mickey Alam Khan, the founder and editor of Luxury Daily, featured Jeffrey Christian, founder and managing director of CPM Group; Kyle Roderick, an author; Pat Dambe, De Beers vice president of corporate affairs and government relations and Catherine Sarr, a jewellery designer and founder of Almasika Fine Jewellery. Rough & Polished’s Mathew Nyaungwa attended the webinar and below are some excerpts.

Consumers attracted to diamond jewelry more than ever

21 september 2020

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain, Italy, and Germany. The mission of Mujeres Brillantes is to help women in the jewelry and watchmaking sectors consolidate their business in order to exchange professional skills and experience. In the immediate past, Ali Pastorini was also Senior Vice President of the World Jewelry Hub in Panama. In this interview with Rough & Polished she tells about the situation in the jewelry industry in the context of the COVID-19 coronavirus pandemic.

WDC actively supports initiatives from mine to retail; and also strives for support for the artisanal and small-scale miners - Edward Asscher, President, World Diamond Council

14 september 2020

A member of one of the diamond industry and Amsterdam’s most well-known families, Edward Asscher was elected President of the World Diamond Council in June 2020 for a two-year term. Asscher is serving a second time as WDC President, having led the organization from 2014 to 2016. Currently, he is also the Vice President of the European Council of Diamond Manufacturers. He is the past President of the International Diamond Manufacturers Association (IDMA) and the International Diamond Council (IDC), a diamond standards-setting organization affiliated to IDMA and the World Federation of Diamond Bourses (WFDB). Asscher has also served in other functions outside of the diamond industry. A past president of the Liberal Party in Amsterdam, he was elected Senator of this party in the Dutch parliament, serving in the upper house from 2007 to 2011. Here, in an Interview with ROUGH & POLISHED, Edward Asscher speaks at length about WDC’s efforts towards finding solutions for the many issues in the global diamond industry …

Diamonds are one of the few things that have held human fascination in every nook and cranny of the world across time

11 september 2020

Dr Usha R. Balakrishnan, a preeminent historian of Indian jewellery based in Mumbai, is Chief Curator of the World Diamond Museum. Being the author and co-author of several volumes of Diamonds Across Time, a new book and an important venture launched by the World Diamond Museum, she was the curator of the accompanying exhibitions: Dance of the Peacock: Jewellery Traditions of India (1999), Jewels of the Nizams (2001), Icons in Gold: Jewellery of India from the Collection of the Musée Barbier-Mueller (2005), India: Jewels that Enchanted the World (2014), Alamkāra: The Beauty of Ornament (2015), Enduring Splendor: Jewellery of India’s Thar Desert (2017), and Treasures of the Deccan: Jewels of the Nizams (2018). In her interview given to Rough&Polished, Dr Usha R. Balakrishnan shares her views and experience from being immersed in this work in the course of several years.

Botswana Diamonds to bulk sample KX36 kimberlite, sees commercial potential

07 september 2020

Botswana Diamonds recently acquired Petra Diamonds’ exploration assets in Botswana for $300000. The assets that were owned by Petra through its wholly-owned Sekaka Diamonds Exploration, include the KX36 project, a 3.5 hectare kimberlite that was a new discovery in 2010. Botswana Diamonds managing director James Campbell told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that they will soon bulk sample the KX36 kimberlite as well consider innovative ways of mining it. The company see potential in the kimberlite and the two contiguous prospecting licences. Campbell also commented on their operations in light of the Covid-19 pandemic.