Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

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23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

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16 august 2021

Angola to hold first rough diamond tender in Israel

18 march 2019

Angola’s national diamond-trading company, Sodiam, is set to hold its first rough tender in Ramat Gan, Israel, according to the Israel Diamond Exchange (IDE).
Sodiam chairperson Eugenio Bravo da Rosa told a delegation made up of officials from Israel’s government and diamond industry that he would visit IDE “within the next several weeks” where they were expected to conclude the deal.
“We are very pleased that Angola is about to join the ranks of the major international diamond producers holding rough tenders in Israel,” said IDE president Yoram Dvash.  
Angola recently introduced a new diamond trading policy, which among other things allowed producers to sell up to 60 percent of their output to companies of their choice, as well as to their own trading divisions, breaking Sodiam’s power to select buyers.
The first tender organised by Sodiam in Luanda last January under the diamond trading policy raked in $16.7 million.
Seven large diamonds, weighing 498 carats, from Lucapa’s 40 percent-owned Lulo alluvial mine, were sold at an average price of $33,530 per carat. 
Israel imported about $3 billion worth of rough diamonds in 2018.
IDE established a state of the art International Tender Center in 2017, which has hosted dozens of tenders by leading mining and rough diamond trading companies every year. 

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