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...

Yesterday

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

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