Innovation and automation can conquer any challenges

Rahul Gaywala, the CEO of STPL has been with the Sahajanand Group since 1993 and in his tenure with STPL, he has proved to be a hard-core innovator and technocrat intent on helping to transform the diamond trade from a labour-intensive industry to an...

Yesterday

Memorial Foundation of Carl Fabergé continues to fulfill its tasks

Valentin Skurlov, Ph. D., who is an Honorary Academician of the Russian Academy of Arts, professor, scientific secretary of the Fabergé Memorial Foundation, consulting researcher studying the Fabergé heritage at the Russian department of the Christie's...

30 march 2020

Gaetano Cavalieri: We need to protect the long-term health of our industry

The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation...

23 march 2020

Sierra Leone mulls setting up entity to buy diamonds from artisanal miners

Sierra Leone will revise its Mines and Minerals Act that will, among other issues, pave way for the establishment of a State entity that can buy diamonds from artisanal miners, an official has said. The National Minerals Agency of Sierra Leone director-general...

16 march 2020

David Block, CEO of Sarine Technologies believes that AI will play a bigger role in the industry in the next few years

Armed with an MBA degree from the Kellogg-Recanati School of Business, and a Bachelor's degree in Computer Science from the Tel Aviv-Jaffo Academic College in Israel, David Block is the present CEO of Sarine Technologies, a worldwide leader in the...

10 march 2020

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.

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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