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 cut rough diamond prices 5pc – report

12 december 2016
De Beers slashed rough diamond prices by 5 percent this year despite a marked improvement of the diamond market, according to reports.
Rapaport quoted Anglo American chief executive Mark Cutifani as saying that diamond prices dropped from January to November, while prices of other commodities in the conglomerate’s portfolio “rose significantly”.
He said unlike diamonds, platinum prices rose 17 percent, copper 21 percent and iron ore 73 percent during the period.
Anglo was the parent company of De Beers.
De Beers rough price index eased 6 percent in the first half, with most of the decline seen in January, according to De Beers chief executive Bruce Cleaver.
However, Rapaport reports that despite lower prices, De Beers was expected to drive growth at Anglo American this year as diamond sales grew in the first half whereas revenue fell from each of its other core commodities – coal, platinum and iron ore.
Meanwhile, an analyst at Panmure Gordon & Co. Kieron Hodgson was quoted as saying that the diamond sector, on average, saw a strong recovery of value in the first quarter, recovering much of the lost ground from 2015, alongside the wider mining sector.
“While the absolute performance of diamonds has lagged peer commodities, we believe the longer term fundamentals remain robust for price appreciation, albeit with lower volatility,” he said.

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