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

De Beers rough diamond sales recover

07 september 2016
Anglo American said De Beers’ seventh rough diamond sales for the year rose to $630 million from $528 million realized during the sixth sales cycle.
The sixth rough diamond sales were the lowest this year due to seasonal demand patterns with the April sales of $666 million being the highest.
“We saw healthy demand for our rough diamonds in Cycle 7, as manufacturers brought forward some of their demand in order to cut and polish rough diamonds in time for the important retail selling season,” said De Beers chief executive Bruce Cleaver.
Anglo American said late July that De Beers’ profit increased 2 percent to $585 million during the first half of 2016 from $576 million, a year earlier as a result of higher revenues from “stronger” rough diamond demand, tight operating cost control and favourable exchange rates.
De Beers’ total revenue was also up 8 percent to $3.3 billion during the period under review from $3 billion, a year earlier, mainly driven by higher rough diamond sales, which increased by 11 percent to $3.1 billion.

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