New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing...

Today

The majority of women don’t care whether their diamonds are mined or lab grown - Alex Popov, CEO of Âme

Alex Popov, President of the Moscow Diamond Bourse and former Chairman of the World Diamond Mark Foundation (WDMF) launched a new jewelry brand under the name of Âme focused on design and using lab grown diamonds to produce jewelry meant to meet...

14 january 2019

At IDE, we encourage innovation throughout the bourse and have even opened a technological incubator to host start-ups - Yoram Dvash

A first generation diamantaire, Yoram Dvash founded ‘Y Dvash Diamonds Ltd’ in 1991 in Israel. While the company grew and made progress under his leadership, Dvash joined industry organizations such as the Israel Diamond Manufacturers Association (IsDMA)...

09 january 2019

Cooperation and collaboration are the development trend of today

Pavel Grankin runs the Slava Group of companies and holds the Slava trademark (‘Slava’ means ‘Glory’ in Russian). He has graduated from the Mozhaisky Military Space Academy. He did his military service at the Plesetsk Сosmodrome from 1987 to...

04 january 2019

De Beers speaks on Zim invitation to explore for diamonds again

De Beers’ exploration team landed in Zimbabwe in 1993 and left in 2006, however, they first prospected for diamonds in Marange in the late 1990s. Harare, under the leadership of the then president Robert Mugabe, alleged that De Beers looted diamonds...

24 december 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