The diamond business is yet bright and has a good future in the coming days

Hitesh Patel, Managing Director of Dharmanandan Diamonds Pvt. Ltd., joined the family business in 1997 to help his father Laljibhai Patel, the founder of Dharmanandan Diamonds Pvt. Ltd. Egged on by its success, Hitesh set up the overseas presence of...

19 august 2019

The talk around LGDs is all hype

As a teenager, Luca Luterbacher began to design and manufacture single pieces and individual items for wealthy private family friends from Switzerland and Lichtenstein. In 2017, he finally invested in his own luxury trademark "Luterbacher."...

12 august 2019

Correct adjustment of advertising is the major challenge

At the recent Amberforum held in the Baltic city of Svetlogorsk, Andrey Yanchevsky, Head of the trade representation of the LA VIVION jewelery company shared his opinion with the correspondent of Rough&Polished on the state and prospects of the jewellery...

05 august 2019

Small-scale diamond mining is the future in Botswana – Leon Daniels

Pangolin Diamonds, which is currently the most active diamond exploration company in Botswana, has called upon authorities in the southern African country to include diamonds into the minerals permit for small scale mining operations. Pangolin chief...

29 july 2019

“There has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

22 july 2019

SA says most local diamonds not suitable for local beneficiation

07 february 2019

South Africa’s State Diamond Trader said a significant amount of diamonds produced in the country are not suitable for local beneficiation. 
Company new chief executive Stanley Mnguni said in their 2017/2018 report seen by Rough & Polished at a mining conference in Cape Town that the South African production had large quantities.
“[These] cannot be profitably beneficiated in the country due to manufacturing costs and this has an impact on the growth of local diamond beneficiation,” he said.
Mnguni said of the 74 clients of the State Diamond Trader 42 were actively trading in the 2017/2018 period.
The State Diamond Trader was eligible to purchase up to 10% of run of mine local diamond production by carats and value.
“Despite such eligibility, the organisation targeted a minimum of 4% during the year under review as a result of the implications of the run of mine qualification,” he said. 
“The consequence of the run of mine qualification is that it leaves the State Diamond Trader with an empowerment to purchase up to 10% of local production from producers whereas the supply has no demand.”
Meanwhile, company chairperson Mervyn Carstens said the board had adopted a new strategic plan targeting improved performance.
This included an increase in the amount, by carats, of rough diamonds sold on primary allocation by 10 percent annually, an increase on local beneficiation of -3gr gem quality and all sizes of near gem quality and industrial diamonds to 10,000 carats per annum by 2022.

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