Design is the key to all markets

Besides being an astute businessman, Mumbai-born Laksh Pahuja is a designer par excellence known globally for his awe-inspiring unusual jewellery pieces. Trained at the Gemological Institute of India and Harrow College of Art England, Laksh combines...

10 june 2019

Mutual mass destruction will not serve anybody’s purposes

The recent moves by the U.S. Federal Trade Commission (FTC), including its letters urging some companies to abide to the revised edition of FTC Jewelry Guides and the explanations from FTC attorney Robert Frisby posted on the FTC website were...

03 june 2019

Pavel Sokolov: Every stone has its beauty

THE ‘GEMSTONES BY SOKOLOV’ brand has been popular for over 25 years. The aim of this company is to supply any kind of gem studs to the Russian market including the unique ones except diamonds of any cut. The product range by the SOKOLOV Company is very...

27 may 2019

“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

De Beers scaling up Tracr ahead of formal launch

De Beers tracked 100 high-value diamonds along the value chain during the pilot of Tracr™, its industry blockchain platform, for the first time in May last year. A De Beers spokesperson Bianca Ruakere told Rough & Polished in an exclusive interview that...

13 may 2019

Angola to polish more diamonds in 2019

26 december 2018

Sodiam, Angolan governmental company marketing diamonds, said that it intends to open a second polishing center in Saurimo, Angola, in February, says IDEX Online.
The agency quoted Sodiam CEO Neves Silva who said that such a move is a part of the company’s strategy that is being implemented from 2018 to 2022.

                    Image credit: Sodiam

The agency cited Macauweb which noted that the polishing center will initially cut about 4,000 ct per month.
There is currently only one polishing factory in Angola.
It was also mentioned in the report that Angola is to open an Industrial Development Hub providing a range of facilities such as training centers, tax offices, banks and other institutions.
IDEX Online cited Silva, who added that the new center will be constructed next to Sociedade Mineira da Catoca. 
In the third quarter of 2018 1.5 million carats of Angolan diamonds were sold during the period at an average price of $176 per carat.

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg