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

India-Africa diamond institute on the horizon

30 august 2016
There is a need for Botswana and India to expedite the formation of India-Africa Diamond Institute (IADI), an official from the populous Asian country has said.
Indian minister of tribal affairs Shri Jual Oram was quoted by the Patriot as saying that the early establishment of IADI would be mutually beneficial to Botswana and India.
Meanwhile, the Indian Diamond Institute (IDI) was planning to support Gaborone in setting up a state-of-the-art diamond institute in the country.
The institute would train offer training in diamond cutting, polishing and grading along with jewellery manufacturing.
The Patriot reports that a team from India was expected in Botswana for three months to provide training to the professionals.
Botswana, which is the second largest diamond producer in the world after Russia, had been pushing for the beneficiation of its rough diamonds to boost revenue.
Diamonds account for about a third of the country’s gross domestic product (GDP), 80 percent of exports and 40 percent of the entire government’s revenues.
However, the depressed diamond market had been taking a heavy knock on Botswana’s economy due to its heavy dependence on the stones.
The country’s Finance Minister Kenneth Matambo indicated earlier this year that the budget deficit had widened to 3.8 percent of gross domestic product in the fiscal year beginning April 1 due to weak diamond exports.

Mathew Nyaungwa, Editor in Chief of the African Bureau from Gaborone, Botswana, Rough&Polished