Indian gem and jewellery manufacturers have the skill and capabilities to cater to any market in the world

Besides spearheading the “White Paper” last year, Colin Shah, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) has been actively involved in the initiatives of the Council like MyKYCBank and many more… A first generation...

11 february 2019

The Indian gems and jewellery industry was progressing in the past and will certainly progress in the future

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India, is also the representative of the Gujarat G&J sector at various organisations as well as government authorities...

04 february 2019

The Russian Diamond Line: We do not believe that gifted persons would win through on their own

The Russian Diamond Line, a Moscow international jewellery contest of jewellery design, has been held for a decade already. At the end of the year, the results of the jubilee RDL-2018 contest were summed up, and on December 14, the prizewinners of the...

28 january 2019

New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing...

21 january 2019

The majority of women don’t care whether their diamonds are mined or lab grown - Alex Popov, CEO of Âme

Alex Popov, President of the Moscow Diamond Bourse and former Chairman of the World Diamond Mark Foundation (WDMF) launched a new jewelry brand under the name of Âme focused on design and using lab grown diamonds to produce jewelry meant to meet...

14 january 2019

Gem Diamonds boosts 2018 output

07 february 2019

news_21062018_gem.pngGem Diamonds said output at its 70 percent-owned Letšeng mine, in Lesotho rose 13% to 126, 875 carats in 2018 compared with 111,811 carats, a year earlier.
Company chief executive Clifford Elphick said 2018 was unique as they recovered 15 diamonds greater than 100 carats, breaking a recorded registered in 2015 when it found 11 diamonds of the same size.
Production in 2018 also included a record number of diamonds greater than 20 carats recovered in a single year, he said.
Elphick said the revised mine plan resulted in a significant reduction in Letšeng's overall stripping ratio due to steeper slope angles, which was expected to result in a significantly improved net present value of the mine.
“Good progress has been made on the business transformation process which remains on track to achieve its cumulative 4-year target of $100 million, with already implemented initiatives expected to deliver $60 million over the 4-year target period," he said.
Gem said the highest diamond price achieved during the fourth quarter was $64, 067 per carat for a 4.06 carat, pink diamond, which was also the highest price per carat achieved in 2018. 
It said a strong pricing was achieved at the first tender of 2019, with an average price of $2 004 per carat.
This was due to an improved quality in production.

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