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

Indian gem and jewellery manufacturers have the skill and capabilities to cater to any market in the world

Besides spearheading the “White Paper” last year, Colin Shah, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) has been actively involved in the initiatives of the Council like MyKYCBank and many more… A first generation...

11 february 2019

The Indian gems and jewellery industry was progressing in the past and will certainly progress in the future

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India, is also the representative of the Gujarat G&J sector at various organisations as well as government authorities...

04 february 2019

The Russian Diamond Line: We do not believe that gifted persons would win through on their own

The Russian Diamond Line, a Moscow international jewellery contest of jewellery design, has been held for a decade already. At the end of the year, the results of the jubilee RDL-2018 contest were summed up, and on December 14, the prizewinners of the...

28 january 2019

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...

21 january 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