“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...


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 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