The diamond business is yet bright and has a good future in the coming days

Hitesh Patel, Managing Director of Dharmanandan Diamonds Pvt. Ltd., joined the family business in 1997 to help his father Laljibhai Patel, the founder of Dharmanandan Diamonds Pvt. Ltd. Egged on by its success, Hitesh set up the overseas presence of...

19 august 2019

The talk around LGDs is all hype

As a teenager, Luca Luterbacher began to design and manufacture single pieces and individual items for wealthy private family friends from Switzerland and Lichtenstein. In 2017, he finally invested in his own luxury trademark "Luterbacher."...

12 august 2019

Correct adjustment of advertising is the major challenge

At the recent Amberforum held in the Baltic city of Svetlogorsk, Andrey Yanchevsky, Head of the trade representation of the LA VIVION jewelery company shared his opinion with the correspondent of Rough&Polished on the state and prospects of the jewellery...

05 august 2019

Small-scale diamond mining is the future in Botswana – Leon Daniels

Pangolin Diamonds, which is currently the most active diamond exploration company in Botswana, has called upon authorities in the southern African country to include diamonds into the minerals permit for small scale mining operations. Pangolin chief...

29 july 2019

“There has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

22 july 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