“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

Namibia’s controversial diamond valuation tender faces challenge – report

21 may 2019

namibia_flag.pngA N$300 million ($21 million) contract to valuate Namdeb diamonds over the next five years that was awarded to Gem Diamonds Namibia by Windhoek is set to be challenged by losing bidders, according to the local press.  
Windhoek Observer reports that the decision by the losing bidders to challenge the awarding of the contract was in line with the Central Procurement Board of Namibia regulations and would likely delay the finalisation of the government valuator.
The companies had until 20 May to appeal the decision.
The contract, which was awarded by the country’s central procurement board, had been mired in controversy with concerns being raised that it 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.  

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