“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

Angola courts De Beers

08 august 2018
De Beers, which has a residual presence in Angola since 2014, has been invited contribute to the country's diamond production.
Group chief executive Bruce Cleaver who met with the Angolan president João Lourenço, was quoted by EIN as saying he was pleased to receive the invitation to mine diamonds in the southern African country.
De Beers’ prospecting licences for the Mulepe-1 kimberlite cluster in Angola expired in 2012.
The group told Rough & Polished in 2016 that it still considers Angola to be highly prospective and was negotiating with Endiama for a mineral investment contract.
In light of this, it maintained a small representative office in Luanda.
EIN reports that there had been a lack of concessions for the exploration of the diamonds issued by Endiama.
Angola recently ended the sale of diamonds to preferential customers.
It now allows diamond companies in Angola to freely sell up to 60 percent of their production.
De Beers was currently mining diamonds in Botswana, Canada, Namibia and South Africa.

Mathew Nyaungwa, Rough&Polished