“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

ALROSA and Endima E.P. join forces to develop the Catoca corporate governance

13 march 2019

The Angolan diamond mining company Catoca Ltd Mining Co (major founding shareholders are ALROSA and the Angolan national company Endiama E. P.) will introduce innovations that significantly improve the quality of corporate governance.
Founding shareholders of Catoca decided to establish Supervisory and Fiscal councils. These bodies are vested with the authority to control, approve and finalize contracts. The Supervisory Board also has the right to approve Executive Directors.
According to another adopted decision, Catoca Ltd. from now on will comply with the principle of rotation between the two main shareholders when appointing CEO and his Deputy for financial affairs. The Supervisory Board and the management Board of Catoca will observe the principle of parity representation.
ALROSA delegation, including the company’s CEO Sergey Ivanov and Deputy CEO Vladimir Marchenko, also visited the Lunda Sul province (the area assembles major diamond deposits of the country) and held a meeting with its Governor Daniel Neto. During the visit, participants discussed the status of the development of Luaxe and prospects of potential cooperation with Endiama, including the context of other concessions.