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

Global rough diamonds sale to cutting centres reaches $16.6bn – De Beers

14 september 2018
news_26072018_debeers.pngRough diamond sales to cutting centres increased by 2 percent to $16.6 billion last year, according to De Beers’ 2018 diamond insight report.
The group said it remained the largest rough supplier in 2017, but with a reduced share of 34 per cent from 37 per cent in 2016.
Alrosa’s share also decreased in 2017 to 25 percent of total sales from 27 per cent in 2016, it said.
De Beers said, without providing data, that sales of rough diamonds to cutting centres in the first half of 2018 were higher than the same period in 2017.
“Alrosa destocked 7 million carats in the first half to report an 8 percent increase in rough diamond revenues,” it said.
“While De Beers Group’s sales were lower in volume terms, sales values to cutting centres were maintained by higher prices and an improved mix.”
Meanwhile, the group said global diamond production values were estimated at $17.5 billion in 2017, a 15 percent increase on 2016.
“In volume terms, production increased 14 percent to 164 million carats. De Beers Group accounted for the largest increase in production volumes (+6.1 million carats), followed by Rio Tinto (+3.7 million carats) and Alrosa (+2.3 million carats).”
Russia retained its position as the largest producer country in carat and value terms.
Total diamond production in 2018 was expected to fall slightly from 2017 levels, due largely to Alrosa’s suspension of operations at the Mir mine and Rio Tinto’s guided fall in production at its operations.

Mathew Nyaungwa, Rough&Polished