India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...

Yesterday

“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

18 march 2019

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Namibia diamond mining to grow 11 pct this year before 2019 slowdown

12 july 2018
Bank of Namibia said the country’s diamond mining is expected to maintain a high growth level this year before contracting in 2019 due to depletion of onshore diamond deposits.
The industry was projected to grow by 10.9 percent this year compared with 12 percent slowdown in 2017 and contract by 5.3 percent next year, it said in a report.
“In this regard, the Elizabeth Bay mine near Lüderitz is expected to close down because it has not generated any profits in recent years,” the central bank said.
“DebMarine Namibia is expected to increase output significantly in the medium term, keeping the growth outlook for diamond mining positive from 2021 going forward.”
Reuters reported last January that Namdeb, a joint venture between Namibia’s government and De Beers, was set to retrench about 130 of its 1,700-strong workforce on a voluntary basis.
Namdeb was set to close four mines by 2022.
Elizabeth Bay Mine would be shut down at the end of 2018, while Daberas would be closed at the end of 2019, Sendelingsdrift in 2020 and the main one, Southern Coastal, in 2022.
Namdeb Holdings lifted its production by 12 percent to 500,000 carats in the first quarter of 2018 as a result of accessing consistently higher grades at the land based operations.
It also produced 1,805 million carats in 2017.

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