“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

24 june 2019

Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

17 june 2019

Design is the key to all markets

Besides being an astute businessman, Mumbai-born Laksh Pahuja is a designer par excellence known globally for his awe-inspiring unusual jewellery pieces. Trained at the Gemological Institute of India and Harrow College of Art England, Laksh combines...

10 june 2019

Mutual mass destruction will not serve anybody’s purposes

The recent moves by the U.S. Federal Trade Commission (FTC), including its letters urging some companies to abide to the revised edition of FTC Jewelry Guides and the explanations from FTC attorney Robert Frisby posted on the FTC website were...

03 june 2019

Pavel Sokolov: Every stone has its beauty

THE ‘GEMSTONES BY SOKOLOV’ brand has been popular for over 25 years. The aim of this company is to supply any kind of gem studs to the Russian market including the unique ones except diamonds of any cut. The product range by the SOKOLOV Company is very...

27 may 2019

Namdia chooses diamond buyers for the next two-years – report

08 april 2019

Namibia’s state-owned diamond trading company, Namib Desert Diamonds (Namdia) has selected 16 companies that will buy its stones from 2019 to 2021, according to a local news report.
The Namibian newspaper reports that Namdia would sell diamonds worth N$2 billion a year to the 16 companies from Namibia, Belgium, India, Israel, UAE and US.
Belgium and Namibia top the list with four firms each.
“Namdia received an overwhelming response, with over 70 applicants from across the globe,” Namdia said in a statement.
Namdia was set up following an agreement between the Namibian government and De Beers in 2016, which stipulated that Namdeb Holdings would channel 15% of its annual diamond production to state-owned entity.
The company allegedly sold diamonds to five out of 20 companies selected by the government in 2016. 

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