Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Letseng Diamond Production Topped 100,000 Carats in 2015

08 february 2016
Diamond production at the Letseng mine in Lesotho reached 29,100 in the final quarter of 2015, bringing the full year production to 108,579 carats, according to a trading update from Gem Diamonds Limited.
The diamond miner reports an average price of US$2,117 per carat in Q4 2015, which includes carats extracted at rough value for polishing, and 9 rough diamonds that achieved a value of greater than US$ 1.0 million each. The company sold three diamonds of greater than 100 carats in the final quarter of 2015.
At the company Ghaghoo diamond mine in Botswana, the company recovered in Q4 2015 95 diamonds greater than 4.8 carats, including 9 diamonds larger than 10.8 carats, with the largest being a 34.1 carat diamond.
"It is pleasing to see that the prices achieved for Letseng' s diamonds during the fourth quarter have remained robust despite the challenging market conditions experienced throughout this Period. The large high quality diamonds, for which Letseng is renowned, have contributed to a Q4 2015 average price of US$ 2 117 per carat which results in an average price for FY 2015 some 9% lower than FY 2014,” said Gem Diamonds' CEO, Clifford Elphick.