Botswana Diamonds’ Campbell on Alrosa exit: no exploration JV lasts forever

Botswana Diamonds is currently in talks with a major diamond producer interested in taking over a stake in Sunland Minerals previously owned by Alrosa. The Sunland joint venture was established in 2014 to test existing Alrosa exploration technology on...

19 november 2018

If real gems are replaced by artificial stones, it is not the difference in value that sellers may cheat you out, but the very idea that you are to obtain along with a jewelry piece made from a genuine stone

Elena Titova is the Director of the All-Russian Decorative Art Museum. The museum, which she heads, was founded fairly recently (less than 40 years ago), but it is one of the most popular and stylish museums of Moscow, famous, among other things...

12 november 2018

“We'll only work with mines and suppliers that can prove full and unquestionable traceability”, assures David Zabinsky, CEO, TRIGEM

Armed with a Bachelor of Science in Government & Legal Studies, and Spanish from Bowdoin College (Maine, USA), a multi-faceted professional, David Zabinsky has both international public and private sector experience, most recently managing an...

06 november 2018

The diamond market sentiment is cautious at the moment, especially in Europe

Born in Switzerland, Angelika Mavridou relocated to Thessaloniki (Greece) with her family, only to establish her own business JEWELLS GALLERY LTD, which was later transformed to S.A. Prior to venturing into her own business, she studied Gemology...

29 october 2018

Zimnisky talks about pink diamonds, De Beers’ Lightbox

An independent diamond industry analyst and consultant said although exceptional and ‘one-off’ diamonds are hard to assign a value to them, the Pink Legacy will likely fetch $2.64 million per carat when it goes under the hammer next month in Geneva...

22 october 2018

Angola okays new rough diamonds trading policy, details sketchy

29 june 2018
The Angolan government has approved a new policy of rough diamonds trading, which will guarantee an effective system, according to local media.
However, details of the policy are still sketchy as the state-owned news agency, Angop reports, without any elaboration, that the move would usher in greater transparency to the process of buying and selling rough diamonds in the southern African country.
Angolan leader João Lourenço, who replaced long-time ruler Jose Eduardo dos Santos as President, said early this month that he had ordered the state-run diamond companies Endiama and Sodiam to revise their policies to the benefit of the country and private companies.
"The responsible institutions have been instructed to see that Angola can return to this great diamond center," he told Antwerp World Diamond Centre (AWDC) officials.
He said his country had been absent from the diamond bourse and that should change.
Lourenço also said Angola had not been able to benefit properly from its diamond resources as a result of policies that stifled growth, but wants that to change as well.
Angola produced 9 million carats last year worth $1.1 billion.

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