“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

18 march 2019

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

Global diamond output to drop this year – analyst

09 february 2018
An independent diamond analyst Paul Zimnisky said that global natural diamond production is projected to decrease this year, both in volume and value terms.
He told a mining conference in Cape Town that production by volume was expected to marginally drop by 2 percent to 146 million carats in 2018.
Global natural diamond output for 2017 had been projected to rise by 7 percent in volume to 148 million carats.
Zimnisky also estimated that output to fall by 4 percent in value to $15 billion during the same period under consideration.
He said major miners continue to be expected to curtail supply to market if necessary to restore supply/demand balance.
Zimnisky also said that global polished diamond demand was projected to grow by about 4 percent to $27 billion, while global demand for diamond jewellery was seen at $83 billion this year.
Diamond prices, he said, were now driven more by market forces, resulting in increased volatility, he said, adding that price volatility had made for more challenging operating environment for mid-stream segment.

Mathew Nyaungwa, Editor in Chief of the African Bureau from Cape Town, South Africa, Rough&Polished