Colorless diamonds as an investment class are evolving beyond their traditional ability to preserve, relocate and pass on wealth

Antonio Cecere, the Founder & VP of Monaco Diamond Exchange dons many caps simultaneously. Currently, he is the President of Geneva Diamond Exchange, the President of Diamond Investment Club and the Principal of the Cecere Group. Antonio’s ability to...

15 april 2019

Jewellery with diamonds, even with small ones, sells better than without diamonds

The Yakut jewellery firm Kierge was set up 25 years ago on the basis of the jewellery workshop PKF Yakutrembyttekhnika which, in its turn, was founded way back in the 1970s. Over this period, Kierge turned into a well-established company successfully...

08 april 2019

Lucapa’s Wetherall on the past, present and the future

Lucapa Diamond chief executive Stephen Wetherall recently attended a mining conference, in Cape Town South Africa, where he met Rough & Polished’s Mathew Nyaungwa and granted him an exclusive interview. They discussed Angola’s first international diamond...

01 april 2019

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...

25 march 2019

“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

Angola invites SA companies to invest in local diamond sector

06 august 2018

news_06082018_angola.jpgAngola has invited major South African diamond companies to invest in the country, according to a media report.
Mining Weekly quoted Endiama strategic planning and minerals operations bureau head Laureano Paulo as saying during a visit by a delegation of South African businesspeople that their participation in Angola’s diamond industry would add value to the resource.
He said South African companies, which had a “great” tradition in the diamond industry, would assist in the exploration for, and exploitation of, new kimberlites.
Angola’s current national development plan, which was approved last April seeks to boost production to 13.8 million carats a year.
Angola produced 9.4 million carats last year.
This increase will be driven by the commissioning of various new mines, but particularly by the start of operations at Luaxe.
Luaxe, which had a reported reserve of about 350 million carats in the Luele Kimberlite pipe, would be commissioned this year.
The operation was projected to have a life-of-mine of 29 years.

Mathew Nyaungwa, Rough&Polished