Diamex Lab: Our technology allows you to trace the history of the origin of each stone

Gleb Sverdlov, CEO of Diamex Lab told Rough & Polished in his interview below about the development of IT technologies for the market of rough and polished diamonds and jewelry.

17 february 2020

The future of the market goes hand in hand with gemology

After 2019, a challenging year for the global diamond industry, we asked Yuri Shelementyev, head of the Moscow State University (MSU) Gemmological Center and president of the National Gemological Association (NGA), to share his views...

10 february 2020

Diamond industry in healthier position going into 2020

The diamond industry is in a healthier position going into 2020 due to actions taken last year, according to De Beers. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa that the actions taken included reducing rough diamond production...

03 february 2020

Ethical sourcing and Diamonds Standards Organization

The diamond sector is ready to embrace a new decade and overcome some of its historical challenges. Ethical sourcing has proven to be undoubtedly one of the main aspects that industry professionals need to address. Antonio Cecere, President of Geneva...

27 january 2020

Ali Pastorini: Challenges make us think out of the box and be closer to customers

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

20 january 2020

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