“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

Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

Lucapa lauds enactment of new diamond marketing policy in Angola

02 august 2018
news_02072018_lucapa.pngLucapa Diamond, which operates and owns the Lulo diamond project in Angola in partnership with Endiama and Rosas & Petalas, said a new policy regarding the marketing of the country’s diamond production has been formally enacted. 
Angolan President Joao Lourenco issued a decree last month to launch new marketing policies for the country’s diamond production.
Lucapa said it was advised Wednesday that the decree had been formally gazetted, thus bringing Angola’s new diamond marketing policies into law.
“The fact that President Lourenco and his Government have enacted the new diamond marketing laws so expeditiously is further proof that the Angolan diamond sector is open for business,” said Lucapa managing director Stephen Wetherall.
“As a company which has operated successfully in Angola for a decade, Lucapa congratulates President Lourenco and his Government and we look forward to implementation of the new policy as the Lulo partners continue to develop the Lulo concession.”
The new laws were central to Luanda’s drive to double the country’s diamond production by implementing more favourable investment and marketing policies designed to increase foreign investment in the diamond sector and grow its contribution to government fiscus.

Mathew Nyaungwa, Rough&Polished