De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

Today

Colorless diamonds as an investment class are evolving beyond their traditional ability to preserve, relocate and pass on wealth

Antonio Cecere, the Founder & VP of Monaco Diamond Exchange dons many caps simultaneously. Currently, he is the President of Geneva Diamond Exchange, the President of Diamond Investment Club and the Principal of the Cecere Group. Antonio’s ability to...

15 april 2019

Jewellery with diamonds, even with small ones, sells better than without diamonds

The Yakut jewellery firm Kierge was set up 25 years ago on the basis of the jewellery workshop PKF Yakutrembyttekhnika which, in its turn, was founded way back in the 1970s. Over this period, Kierge turned into a well-established company successfully...

08 april 2019

Lucapa’s Wetherall on the past, present and the future

Lucapa Diamond chief executive Stephen Wetherall recently attended a mining conference, in Cape Town South Africa, where he met Rough & Polished’s Mathew Nyaungwa and granted him an exclusive interview. They discussed Angola’s first international diamond...

01 april 2019

India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...

25 march 2019

Angola extracted 9.43 mln carats of diamonds worth $1.2 bln in 2018 – report

17 january 2019

Angola produced 9.43 million carats worth $1.2 billion in 2018, according to Macauhub citing the state-owned diamond company Endiama.
Company chairperson Ganga Júnior was quoted as saying that industrial production reached 9.22 million carats, which was 8% higher than 8.53 million carats that had been projected for the year.
The semi-industrial and artisanal production accounted for production of 212,540 carats compared with 465,120 carats produced in 2017.
Júnior said that the increase in revenue was due to a new government policy that allowed companies to directly sell up to 60% of their production, ending the sale of diamonds to preferential customers.
He said 8.26 million carats were sold at an average price per carat of $148.65.
Endiama said it was targeting to produce 9.5 million carats of diamonds and accrue revenues of $1.3 billion this year.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished