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

Namibia awards $21m diamond valuation deal

15 may 2019

news_21062018_gem.pngGem Diamonds Namibia has been awarded a N$300 million ($21 million) contract to valuate Namdeb diamonds over the next five years, according to local press. 
The contract, which was awarded by the country’s central procurement board, had been mired in controversy with concerns being raised that was turned into a money-making scheme for a clique of well-placed individuals. 
Gem Diamonds reportedly asked for N$300 million to valuate Namdeb diamonds, while the current tender holder since 2007, Global Diamond Valuators Namibia, asked for N$220 million for the same job. 
Global Diamond Valuators was ranked sixth among the bidders by the tender board's bid evaluation committee. 
The Namibian newspaper alleged that the decision to award the valuation contract to Gem Diamonds Namibia could trigger complaints and possible appeals from the companies that lost out on the tender. 
Some bidding firms complained to their associates that several companies were allegedly penalised or lost points for offering low bids or free services to the government to valuate the diamonds. 

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