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

Details emerge on Angola’s proposed rough diamonds trading policy

05 july 2018
The Angolan government reportedly approved a new policy of rough diamonds trading last week, which will guarantee an effective system, but details were sketchy.
However, Reuters has this week claimed to have seen a draft presidential decree that revealed a plan to set the price of rough diamonds against an international benchmark and give producers greater influence to pick their own buyers.
Diamond producers like Catoca would be allowed to sell up to 60 percent of their output to companies of their choice, as well as to their own trading divisions, breaking Sodiam’s power to select buyers.
Reuters also claimed that stones would also be priced according to a benchmark based on a sample of typical nationally-produced stones, along with an evaluation using a price list “in line with the international market”.
The southern African country was also set to introduce sales sessions for pre-approved diamond buyers, while rare stones would be individually placed under the hammer.
The ministry of natural resources and oil would also now have the power to appoint independent evaluators.
These would arbitrate in any disputes and set more open criteria by which Sodiam selects buyers, giving priority to polishers and jewellery makers over middlemen.

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