“The industry is under some pressure, and as we all know, diamonds are formed under great pressure!”, says Dr Martin Leake

A veteran in the field of precious stones, Dr Martin Leake a doctorate geologist had worked for 22 years with BHP Billiton; and also set up a world-class marketing unit for Grib Diamonds in Antwerp. Later, as an Independent Consultant, Dr Martin Leake...

09 september 2019

Recovery of diamond industry within a year if end-consumer demand holds – Zimnisky

An independent diamond industry analyst and consultant said the natural diamond industry will be in a better position within a year time if end-consumer demand holds. Paul Zimnisky, CFA told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

02 september 2019

Working according to one’s weaknesses and strengths

Canon Jhaveri grew up watching his diamond-dealer father and uncle working with diamonds. The sparkles of the diamonds fascinated the young boy, who became more intrigued every time he visited his father’s office. After graduating in 2002, Canon Jhaveri...

26 august 2019

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...

19 august 2019

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

Two Namibian men held for possession of rough diamonds worth R1.5 million

21 may 2019

Two men, believed to be from Namibia, were arrested in Western Cape, South Africa last Friday after they were found in possession of rough diamonds valued at R1.5 million, according to local media reports.
Western Cape police spokesperson Colonel Andrè Traut was quoted by News24 as saying that officials conducting a stop and search operation had their attention drawn to the two suspects they appeared nervous.
"The men (aged 46 and 53) were questioned and they appeared nervous. This prompted the members to conduct a body search which resulted in the discovery of two small bags with 27 diamonds with an estimated value of R1.5m," he said.
"The circumstances surrounding the matter and the origin of the diamonds are still under investigation," he added.
A Namibian man swallowed diamonds last month shortly after his arrest by police following a sting operation in Strand, 50km east of Cape Town, in South Africa. 
The man identified as Hamukwaya Eliakim (58) was kept under guard and accompanied when he went to the toilet. 
The diamonds were successfully excreted from the body.

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