Colorless diamonds as an investment class are evolving beyond their traditional ability to preserve, relocate and pass on wealth

Antonio Cecere, the Founder & VP of Monaco Diamond Exchange dons many caps simultaneously. Currently, he is the President of Geneva Diamond Exchange, the President of Diamond Investment Club and the Principal of the Cecere Group. Antonio’s ability to...

15 april 2019

Jewellery with diamonds, even with small ones, sells better than without diamonds

The Yakut jewellery firm Kierge was set up 25 years ago on the basis of the jewellery workshop PKF Yakutrembyttekhnika which, in its turn, was founded way back in the 1970s. Over this period, Kierge turned into a well-established company successfully...

08 april 2019

Lucapa’s Wetherall on the past, present and the future

Lucapa Diamond chief executive Stephen Wetherall recently attended a mining conference, in Cape Town South Africa, where he met Rough & Polished’s Mathew Nyaungwa and granted him an exclusive interview. They discussed Angola’s first international diamond...

01 april 2019

India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...

25 march 2019

“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

18 march 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