The diamond business is yet bright and has a good future in the coming days

Hitesh Patel, Managing Director of Dharmanandan Diamonds Pvt. Ltd., joined the family business in 1997 to help his father Laljibhai Patel, the founder of Dharmanandan Diamonds Pvt. Ltd. Egged on by its success, Hitesh set up the overseas presence of...


The talk around LGDs is all hype

As a teenager, Luca Luterbacher began to design and manufacture single pieces and individual items for wealthy private family friends from Switzerland and Lichtenstein. In 2017, he finally invested in his own luxury trademark "Luterbacher."...

12 august 2019

Correct adjustment of advertising is the major challenge

At the recent Amberforum held in the Baltic city of Svetlogorsk, Andrey Yanchevsky, Head of the trade representation of the LA VIVION jewelery company shared his opinion with the correspondent of Rough&Polished on the state and prospects of the jewellery...

05 august 2019

Small-scale diamond mining is the future in Botswana – Leon Daniels

Pangolin Diamonds, which is currently the most active diamond exploration company in Botswana, has called upon authorities in the southern African country to include diamonds into the minerals permit for small scale mining operations. Pangolin chief...

29 july 2019

“There has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

22 july 2019

Firestone Diamonds appoints new non-executive director

08 may 2019

news_08052019_carr.jpgFirestone Diamonds, which owns the Liqhobong diamond mine in Lesotho, has appointed Eileen Carr as a new non-executive director effective 1 May 2019. 
She replaces Paul Sobie who had been part of the board since 2011.
"She has extensive experience both in mining and finance which we believe will be invaluable to the company,” said Firestone chairperson Lucio Genovese.
Carr has over 30 years’ resources industry experience overseeing large scale mining operations across the world including the Freda Rebecca gold mine in Zimbabwe, the Ayanfuri gold mine in Ghana, the Kalsaka gold mine in Burkina Faso and the Angovia gold mine in Ivory Coast. 
Firestone recorded a 37% drop in output to 155,206 carats during the third quarter ended 31 March 2019 compared with 224,947 carats recovered the previous quarter. 
The diamonds were produced at a grade of 18.0 cpht compared with second quarter’s 25.4 cpht. 
The company also sold 211,368 carats during the period under review from the previous 191,735 carats, realising revenue of $16.8 million at an average value of $80 per carat. 

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