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...

Yesterday

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

Gem Diamonds Q1 revenue jumps 24% to $52 mln

13 may 2019

news_21062018_gem.pngGem Diamonds’ revenue from diamonds sold in the first quarter jumped 24% to $51.9 million from $41.7 million realised in the fourth quarter of 2018.
The company sold 27 335 carats in the first quarter, an 18% drop compared with 33 140 carats sold the previous quarter.
Gem Diamonds said the highest price achieved during the period under review was for a 70.69 carat white diamond that was sold for $48 225 per carat.
A 13.33 pink diamond was also sold for $8 750 360, achieving a Letšeng record price of $656 933 per carat.
“Sales of Letšeng's rough production continued to realise good prices achieving an average price of US$ 1 900 per carat during the quarter,” said company chief executive Clifford Elphick.
Meanwhile, Gem Diamonds said its diamond detection pilot plant project remains on target to be commissioned at the end of the second quarter.
“Construction and set-up have commenced on site,” it said.
“This project supports the continuing strategy of early detection of large diamonds and diamond damage reduction.”

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