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

“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

18 march 2019

Red-tape stalling diamond beneficiation in South Africa – official

05 february 2019

The South African Diamonds and Precious Metals Regulator (SADPMR) was told by the local jewellery manufacturing and beneficiation industry that the decline in jewellery manufacturing and diamond beneficiation is due to bureaucracy, a government official has said.
The country’s cutting and polishing industry had declined from a peak of 4,500 two decades ago to as low as 300 in 2018.
 “The main concern raised by industry was the red-tape in processing of licenses,” minister of mineral resources Gwede Mantashe told a mining conference in Cape Town on Monday.
He said the SADPMR had, therefore, embarked on a project to prioritise and streamline the application processes. 
“The processing time has been reduced significantly, in order to encourage new entrants and investors to enter the local beneficiation industry,” said Mantashe.
The bulk of the country’s polished end-product was being imported and this had resulted in a massive decline in the local industry.
South Africa’s diamond production value jumped 147% in 2017 to $3.1 billion, according to the Kimberley Process.
The country produced 9,68 million carats in 2017 at average price of $319 per carat.

Mathew Nyaungwa, Editor in Chief of the African Bureau, from Cape Town, South Africa, Rough&Polished