“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

24 june 2019

Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

17 june 2019

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

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