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...

20 august 2018

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

Botswana okays De Beers’ move to sell synthetic diamonds

14 june 2018
The government of Botswana said it supports the move by De Beers to enter the synthetic diamond market despite criticism by the opposition parties.

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Image credit: De Beers Group


“It was our decision [to enter the synthetic diamond market],” Mineral resources permanent secretary Cornelius Dekop told Rough & Polished last week on the sidelines of the Botswana Resources Sector Conference.
Botswana had a 15 percent stake in De Beers, while the rest was controlled by Anglo American.
Meanwhile, the Southern Times reports that the country’s opposition parties were against the move.
“...De Beers has entered into the synthetic diamonds market. What does that do? Botswana thinks it has rough diamonds and we are negotiating with De Beers. But De Beers says I don’t need you,” the Umbrella for Democratic Change (UDC) president Duma Boko was quoted as saying.
“I can go and penetrate the synthetic diamond market.”
He said De Beers decided to enter the synthetic diamond market as the world’s superpowers like China and Russia had become big consumers of synthetic diamonds.
 “There is a challenge in the diamond market; the market is shifting from the original diamonds and because De Beers is involved in this they know about these trends. It is going to be difficult to market diamonds,” Boko said.
Independent diamond market analyst Paul Zimnisky told Rough & Polished last month that De Beers’ decision to launch Lightbox Jewelry was a strategic move out of necessity on behalf of the whole natural diamond industry.
“I don’t see this as a move by De Beers to simply take a piece of the lab-created diamond market pie, but rather take control of the lab-created industry and steer it in a way that protects their natural diamond business,” he said.

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