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 rake in $485mln

04 october 2016
De Beers’ eighth rough diamond sales for the year dropped to $485 million from $639 million realised during the seventh cycle.
The latest sales value was, however, provisional and would be adjusted next month.
“Demand for De Beers’ rough diamonds in cycle 8 continued to reflect the improved midstream trading environment compared with 2015,” said De Beers chief executive Bruce Cleaver.
“Our rough diamond sales were slightly ahead of expectation during the cycle, given the normal seasonal demand patterns, the shorter than usual period between sights 7 and 8, and the forthcoming holidays in some of the major diamond cutting centres.”
Global rough diamond sales to cutting centres fell by some 30 per cent between 2014 and 2015, to an estimated $13.7 billion.
Total global rough diamond production was worth $17.5 billion last year, which was 10 percent lower than in 2014. 

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