New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing...

Today

The majority of women don’t care whether their diamonds are mined or lab grown - Alex Popov, CEO of Âme

Alex Popov, President of the Moscow Diamond Bourse and former Chairman of the World Diamond Mark Foundation (WDMF) launched a new jewelry brand under the name of Âme focused on design and using lab grown diamonds to produce jewelry meant to meet...

14 january 2019

At IDE, we encourage innovation throughout the bourse and have even opened a technological incubator to host start-ups - Yoram Dvash

A first generation diamantaire, Yoram Dvash founded ‘Y Dvash Diamonds Ltd’ in 1991 in Israel. While the company grew and made progress under his leadership, Dvash joined industry organizations such as the Israel Diamond Manufacturers Association (IsDMA)...

09 january 2019

Cooperation and collaboration are the development trend of today

Pavel Grankin runs the Slava Group of companies and holds the Slava trademark (‘Slava’ means ‘Glory’ in Russian). He has graduated from the Mozhaisky Military Space Academy. He did his military service at the Plesetsk Сosmodrome from 1987 to...

04 january 2019

De Beers speaks on Zim invitation to explore for diamonds again

De Beers’ exploration team landed in Zimbabwe in 1993 and left in 2006, however, they first prospected for diamonds in Marange in the late 1990s. Harare, under the leadership of the then president Robert Mugabe, alleged that De Beers looted diamonds...

24 december 2018

Diamcor Mining pockets $727k from latest rough diamonds sale

14 september 2018
Diamcor Mining said it sold 2,606.50 carats of rough diamonds from its Venetia project in South Africa for $726,588 or an average price of $278.76 per carat.
The diamonds were recovered as part of the company’s processing exercises performed following the recent screening modifications at its project.
The rough diamonds sold included a high quality 18.44 carat gem octahedron, and two gem quality diamonds weighing 18.57 and 14.70 carats respectively.
These special diamonds were sold for $195,810, or $3786.70 per carat.
"We are very pleased with the results of this tender, and while the recoveries in the special category point to the project's potential, the average dollar per carat achieved before and after the inclusion of specials, is also very encouraging," said Diamcor chief executive Dean Taylor. "Our current efforts at the project are focused on increasing processing volumes and enhancing operating efficiency and consistency."

Mathew Nyaungwa, Rough&Polished