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Botswana Diamonds’ Campbell on Zim jaunt: We are interested in Kaapvaal Craton

Botswana Diamonds and Vast Resources, recently signed a memorandum of understanding to prospect for diamonds in Zimbabwe. The two companies will exchange information derived from past exploration on areas prospective for diamonds in the southern African...

09 july 2018

“Every Forevermark diamond has a unique inscription number which is an assurance that the diamond is beautiful, rare and responsibly sourced,” says Sachin Jain

Sachin Jain, President-Forevermark, joined the company - a wholly owned subsidiary of the De Beers Group - as the Head of Retail in 2010. He was swiftly promoted to the Managing Director in 2011… to later become the President in year 2013. Sachin started...

02 july 2018

In a world where transparency is more and more the standard, our business must address the lab grading issue willingly

Jeweler-Designer Arnaud Flambeau started his career in the jewelry business in 1993 at European Gold Company CLAL as Key Account Manager for the Jewelry Division, where he was in charge of international brands like Cartier or VCA and their subcontractors...

25 june 2018

Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

18 june 2018

The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018

Global rough diamond output soars in 2017

11 july 2018

news_11072018_KP.pngThe Kimberley Process (KP) said global rough-diamond production leaped 19 percent to 151 million carats in 2017.
Output also jumped 29 percent in value terms to $15.87 billion last year.
Russia remained the largest producer as it recorded an output of $4.11 billion in value terms and 42.6 million carats in volume terms.
Canada overtook Botswana as the second diamond producer by volume as its output rose 78 percent to 23.2 million carats.
Botswana produced 23 million carats.
The southern African country, however, remained as the second largest producer by value as it recorded an output of $3,33 billion in 2017 compared to Canada’s $2.06 billion.
South Africa was ahead of Canada in terms of value as it recorded a 147 increase in output to $3.09 billion thanks to improved average price of its stones that jumped 113 percent to $319 per carat.
South Africa’s output by volume was 9,7 million carats putting it behind the Democratic Republic of Congo (DRC)’s 19 million carats and Australia’s 17,1 million carats.
Meanwhile, KP said global rough imports leaped 3 percent to $50 billion for the year, with total volume up 28 percent to 490 million carats.
However, the average price of imports eased 20 percent to $102 per carat.

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

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