Login

Botswana Diamonds’ Campbell on Zim jaunt: We are interested in Kaapvaal Craton

Botswana Diamonds and Vast Resources, recently signed a memorandum of understanding to prospect for diamonds in Zimbabwe. The two companies will exchange information derived from past exploration on areas prospective for diamonds in the southern African...

09 july 2018

“Every Forevermark diamond has a unique inscription number which is an assurance that the diamond is beautiful, rare and responsibly sourced,” says Sachin Jain

Sachin Jain, President-Forevermark, joined the company - a wholly owned subsidiary of the De Beers Group - as the Head of Retail in 2010. He was swiftly promoted to the Managing Director in 2011… to later become the President in year 2013. Sachin started...

02 july 2018

In a world where transparency is more and more the standard, our business must address the lab grading issue willingly

Jeweler-Designer Arnaud Flambeau started his career in the jewelry business in 1993 at European Gold Company CLAL as Key Account Manager for the Jewelry Division, where he was in charge of international brands like Cartier or VCA and their subcontractors...

25 june 2018

Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

18 june 2018

The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018

Lucapa Diamond CEO perceives good start for rough diamond market in 2018

22 february 2018
The rough diamond market has this year started off “very well” as high demand has seen prices go up in January, according to Lucapa Diamond chief executive Stephen Wetherall.
De Beers’ rough diamond sales for the first sales cycle of 2018 was provisionally capped at $665-million, while Alrosa sold rough diamonds for $499-million in January.
“I think if you look at the sales of other producers they are also quite upbeat of what they have achieved, so I think as we normally expect in a diamond industry, we see January and February being stronger pricing environments and demand environments,” he told Rough & Polished earlier this month.
“So I think the year started off the same way, it always does very, very strongly.”
Wetherall also said, although it was hard to predict the future of a diamond market due to its volatility, he was anticipating the high-end diamond market to remain stable by the end of the year.
He, however, said that the low-end diamond market had been under pressure.
“It just seems to be with regards to the stocking environment [and] when there seems to be a low stock you get demand from the Indian diamantaires and that pulls the prices back up,” he said.
“But as you know we are operating in the high-end it’s been pretty robust, demand is very, very good so we haven’t seen that much pricing pressure.”

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

Comments

Only registered users can add comments (Register, Login)