“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

De Beers scaling up Tracr ahead of formal launch

De Beers tracked 100 high-value diamonds along the value chain during the pilot of Tracr™, its industry blockchain platform, for the first time in May last year. A De Beers spokesperson Bianca Ruakere told Rough & Polished in an exclusive interview that...

13 may 2019

The perfect couple - platinum and diamonds

The Jewelry House of Leon Megé located in New York has long been firmly established in the jewelry market as a source of magnificent jewelry, in which platinum and diamonds often sparkle being married together and attracting everyone’s eyes, but are...

06 may 2019

The technology of growing single-crystal diamonds has now become industrial in nature

It is believed that the reserves of natural diamonds will be exhausted by the middle of the century, and therefore production of synthetic diamonds is rapidly gaining relevance. According to Business Insider India’s estimates, the global synthetic diamond...

29 april 2019

De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

22 april 2019

Venezuela and Palestine sign a diamond production agreement

13 march 2019

Venezuela and Palestine have signed a strategic agreement on the production of diamonds. Ria Novosti has quoted Venezuelan President Nicolas Maduro as saying in his speech during the official signing ceremony broadcast on his Twitter channel.
"Let us talk about the plan to produce diamonds. Venezuela has the largest diamond reserves in the world. We have oil, gold and diamonds. God supplies us … We are witnessing the signing of a big alliance between a Palestinian company and 154 small diamond production alliances, [operating] in the area of the Orinoco River," Maduro said.
As per the report, the President  intends to restore the Venezuelan economy, which was badly damaged by the crisis. 
According to data provided by the Venezuelan Ministry of Environment and Mines, 85% of the diamonds found in Bolivar, especially in the Orinoco River, have all the necessary qualities and meet the recognized standards of cut, weight, purity and color. In 2014 diamonds became a part of the international reserve of Venezuela.

Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished, Brussels