Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

Yesterday

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 2018

Chasing a dream…

Elina Chan, MD of Shenzhen Shi Qing Yu Zhubao Ltd completed her higher education from Xiamen University and Master’s degree from Hong Kong University. To achieve her dream to start a business, Elina gave up numerous job opportunities in Hong Kong and...

06 august 2018

Pangolin Diamonds using termites to find kimberlite indicators in Botswana

It is not a secret that the rate of kimberlite discovery in Botswana has dropped considerably and research has shown that termites can help diamond explorers have an understanding of the transport mechanism of kimberlite indicator minerals from the kimberlite...

30 july 2018

In another fifty years, we’ll have a different scale of valuation, and all those items of natural origin – including diamonds – will sharply increase in price

Within the framework of the Qatar-Russia 2018 Year of Culture, the World Diamond Museum hosts an exhibition of the Qatar Museums at the State Historical Museum in Moscow – "Pearls: Treasures of the Seas and the Rivers," that opened on 11 July...

24 july 2018

De Beers’ Namibian unit offers 240k ct to Namdia, local sightholders

23 april 2018

The Namibian government said more than 240,000 carats of Namdeb run-off mine were offered to Namib Desert Diamonds (Namdia) and local sightholders at a value of $360 million in the 2017/18 financial year compared to $292 million in the 2016/17 financial year.
“This achievement has yielded an increase in beneficiation activities and enabled Namdia to fulfill its mandate,” mines minister Tom Alweendo was quoted as saying by the Namibia Economist.
He said that 54 percent of rough diamonds offered to the local sightholders had been processed locally.
Namdia chief executive Kennedy Hamutenya recently said that their diamonds were earmarked for international sales and not for the local market.
The state-owned diamond trading company was entitled to 15 percent of diamonds produced annually by Namdeb in line with the marketing and sales agreement signed between Namibia and De Beers in 2016.
Meanwhile, the minister said government had initiated the review process of the country’s Diamond Act, 13 of 1999 to ensure that the law was responsive to the “industry dynamics”.
It wasn’t clear what he meant by “industry dynamics” in the report.
However, Alweendo said Namibia should continue adhering to minimum requirements of the Kimberley Process and international best practices to maintain a good image for the country’s diamonds.
He also said that Namibia produced more than 1,8 million carats of diamonds in the 2017/18 financial year.

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