Striving for excellence

Despite the pandemic, the exhibition "Carl Fabergé & Feodor Rückert. Masterpieces of Russian Enamel” was successfully held at the Moscow Kremlin Museums where about 400 pieces of precious metal with enamel were displayed made by the Russian jewelry...

Yesterday

Botswana Diamonds deal with Diamexstrat, Burgundy more extensive than that with Alrosa – Campbell

Botswana Diamonds recently entered into a cooperation agreement with Diamexstrat Botswana and its partner, Burgundy to fund exploration of its prospecting licence assets in the southern African country. Company managing director James Campbell told Rough&Polished's...

01 march 2021

‘By democratizing luxury, lab-grown diamonds are heading towards opening the widest consumer base globally the diamond industry has ever experienced’, asserts Amish Shah, President, ALTR Created Diamonds

A third-generation diamantaire, Amish Shah, President of ALTR Created Diamonds and pioneer of the lab-grown diamond market has never been afraid to challenge the status quo. After gaining experience, through his family business in the diamond industry...

22 february 2021

Debbie Azar: “I believe that natural and laboratory-grown diamonds are two separate products that can complement each other through their unique features and benefits”

GSI is one of the largest gemological organizations in the world with 13 laboratories globally. GSI’s four pillars – integrity, innovation, professional service, and research & education – serve as the backbone of its business and provide a layer of...

15 february 2021

Consumer spending on diamonds exceeds expectations as rough demand outstrips supply – Zimnisky

Consumer spending on diamonds exceeded expectations in the fourth quarter of 2020 and has continued through early 2021, according to a top industry expert. Diamond industry analyst Paul Zimnisky told Rough&Polished’s Mathew Nyaungwa that a multi-year...

08 february 2021

Russia may start mining diamonds in Venezuela

05 april 2018
According to Venezuela’s Ecological Mining Minister Victor Cano, the Russian and Venezuelan delegations attending the meeting of the Intergovernmental Joint Commission held in Caracas discussed the possibility of giving Russia a chance to mine diamonds, gold and other minerals in Venezuela, TASS says in a report distributed on Wednesday. 

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Orinoco Mining Belt, Venezuela                                                                                     Image credit: AirPano

“We have discussed the possibility that they [Russian companies] will mine minerals here - diamonds and gold in the first place. It is very important for the development of technologies as well as for the Russian industry. Besides, we have talked over the provision of equipment necessary for mining. In Russia, there are companies that produce such technological means,” said Venezuela’s minister as quoted by TASS.
Russia’s Deputy Minister of Industry and Trade Oleg Ryazantsev and Venezuela's Sectoral Vice President of Economy Castro Soteldo participated in the negotiations in Caracas.
In 2017, Venezuela signed an agreement with South Africa to create a joint venture to mine diamonds in the Orinoco area in South Venezuela. According to some data, the target area covers 10,000 hectares of land and contains about 40 mn carats of diamonds.