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

Angola opens second diamond cutting plant – report

13 february 2019

Angola’s national diamond trading company, Sodiam has partnered with local businesspeople to open a new diamond cutting plant in Talatona, Luanda, according to news reports.
More than $5 million was invested towards the setting up of Stone Polished Diamond (SPD), whose facilities cover 400 square metres.
The company would cut diamonds between three and 10 carats and some special stones.
It was also expected to process 2,000 carats per month in the first year of its operations.
The country only had one cutting and polishing factory, Angola Polishing Diamond, which was set up in Luanda in 2015.
The company was a partnership between Sodiam and LLD Diamonds.
It had an annual capacity to process diamonds worth around $240 million, according to Macauhub.
Angola Minister of Mineral Resources Diamantino Azevedo recently said that Sodiam would set up a diamond cutting and polishing hub in Lunda Sul Province.
The country introduced a new diamond trading policy, which among other things, mandated diamond producers to supply 20% of their rough output to local companies for cutting and polishing. 
Angola produced 9.4 million carats last year, but sold 8.47 million carats for $1.25 billion.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished