“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

24 june 2019

Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

17 june 2019

Design is the key to all markets

Besides being an astute businessman, Mumbai-born Laksh Pahuja is a designer par excellence known globally for his awe-inspiring unusual jewellery pieces. Trained at the Gemological Institute of India and Harrow College of Art England, Laksh combines...

10 june 2019

Mutual mass destruction will not serve anybody’s purposes

The recent moves by the U.S. Federal Trade Commission (FTC), including its letters urging some companies to abide to the revised edition of FTC Jewelry Guides and the explanations from FTC attorney Robert Frisby posted on the FTC website were...

03 june 2019

Pavel Sokolov: Every stone has its beauty

THE ‘GEMSTONES BY SOKOLOV’ brand has been popular for over 25 years. The aim of this company is to supply any kind of gem studs to the Russian market including the unique ones except diamonds of any cut. The product range by the SOKOLOV Company is very...

27 may 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