Colorless diamonds as an investment class are evolving beyond their traditional ability to preserve, relocate and pass on wealth

Antonio Cecere, the Founder & VP of Monaco Diamond Exchange dons many caps simultaneously. Currently, he is the President of Geneva Diamond Exchange, the President of Diamond Investment Club and the Principal of the Cecere Group. Antonio’s ability to...

15 april 2019

Jewellery with diamonds, even with small ones, sells better than without diamonds

The Yakut jewellery firm Kierge was set up 25 years ago on the basis of the jewellery workshop PKF Yakutrembyttekhnika which, in its turn, was founded way back in the 1970s. Over this period, Kierge turned into a well-established company successfully...

08 april 2019

Lucapa’s Wetherall on the past, present and the future

Lucapa Diamond chief executive Stephen Wetherall recently attended a mining conference, in Cape Town South Africa, where he met Rough & Polished’s Mathew Nyaungwa and granted him an exclusive interview. They discussed Angola’s first international diamond...

01 april 2019

India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...

25 march 2019

“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

Tiffany & Co training Africans cut, polish locally-sourced diamonds – report

15 april 2019

Tiffany & Co, which has factories in Botswana and Mauritius, is training Africans in cutting and polishing of diamonds sourced from the region, according to a news report.
More than a quarter of the company’s 1 500 global diamond cutters and polishers were said to be now based in Africa.
Bloomberg reports that the move to hire and train African polishers and cutters comes as Tiffany seeks to be completely transparent about how its diamonds progress from deep underground to the engagement rings.
The New York-based company was currently sourcing diamonds from mines in South Africa, Namibia and Sierra Leone.
However, company chief executive Alessandro Bogliolo said they won’t source diamonds from Angola and Zimbabwe because of the alleged human-rights situation in the two southern African countries.
Botswana was the only African country where Tiffany both buys and prepares its stones. 
“If you buy from a world-class brand, it’s because you trust that this brand has done all that is humanly possible to guarantee that the product is not only crafted to the highest standard, but also ethical and traceable in its manufacturing,’’Bogliolo was quoted as saying.
He said the company was also considering opening a store in South Africa as it was an “interesting market”.
“There’s no doubt that we will have a more robust presence on this continent,” said Bogliolo. “It’s just a matter of finding the right location and the critical mass in order to have a sustainable business.”

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