African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

01 june 2020

“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

25 may 2020

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

Petra sells 425 ct legacy diamond for $15mln

15 may 2019

Petra Diamonds has sold a 424.89 carat diamond recovered from its Cullinan mine, in South Africa for just under $15 million.
The stone dubbed ‘Legacy of the Cullinan Diamond Mine’ was bought by Antwerp-based diamond cutter Stargems Group. 

news_15052019_legacy_cull.png
    Image credit: Petra Diamonds


“This is a significant sale for Petra Diamonds and an endorsement of the quality not only of the Legacy diamond, but also the Cullinan ore body itself, which is known for its exceptional stones,” said company chief executive Richard Duffy.
The exceptional D colour Type IIa gem adds to the most famous diamonds to have originated from the Cullinan mine.
RBC analysts, cited by Proactive Investors, had projected the stone would fetch more than $25 million.

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