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 invites 35 companies to first diamond auction

29 january 2019
Angola has invited about 35 companies to bid for seven diamonds at its first diamond auction this week, according to a news agency.
The stones to be placed under the hammer were produced at the Lulo project operated by Lucapa Diamond.

news_29012019_angola.png
Image credit: Lucapa Diamond company

“It’s our conviction that the final result of this auction will show to our society and the wider world our total commitment to transparency and innovation in the commercialization of diamonds in Angola,” Angola’s minister of mineral resources Diamantino Azevedo was quoted as saying by Reuters.
He said the auction would use a sealed system by which interested parties submit their offers electronically without knowing what others have bid.
Diamond producers in Angola previously sold their rough to buyers selected by Luanda through an opaque government marketing system.
Angola, which was currently the fifth largest diamond producer in the world, wants to be one of the two leading diamond producing countries by 2022.
The country produced 9,4 million carats last year.

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