“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

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

Namibia seeks to boost diamond polishing

04 march 2019

The Namibian government has engaged Botswana as it seeks to become a centre of diamond polishing, an official has said.
"With Botswana doing the selling of diamonds, maybe Namibia can become the hub for diamond polishing and manufacturing," Windhoek Observer quoted mines and energy minister Tom Alweendo as saying. 
"We are actually talking to Botswana for Namibia to become the centre for diamond polishing. We are working on that. Of course when that happens, the benefit you get is not so much from government taxes, but employment creation."
Rough diamonds from De Beers’ operations in Canada, Botswana, Namibia and South Africa, are now sent to Gaborone.
Alweendo did not say how far along the talks had gone.
Namibia, the world's largest producer of marine diamonds, was said to be experiencing high unemployment as mines close and the construction sector falters.
Polishing more diamonds was expected to create the much needed jobs in a country with little beneficiation of its minerals, according to Windhoek Observer.

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