“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

Botswana still committed to diamond beneficiation

13 june 2019

Botswana has placed diamond beneficiation as one of its key focus areas as part of the country’s diversification programme, a government minister has said. 

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Image credit: De Beers

Minister of mineral resources, Green technology and energy security Eric Molale told a mining conference in Gaborone that the end result of it is to create employment opportunities for citizens and generate value in the economy.
“Particular attention is on the diamonds where it is intended to develop a vibrant cutting and polishing industry as well as jewellery manufacturing,” he said.
Botswana, which is the second largest diamond producer in the world after Russia, had been leading its peers in Africa on beneficiation. 
It established what it called the Diamond Hub in Gaborone to promote diamond beneficiation. 
This move was also boosted when the country signed a deal with De Beers that saw it receiving 10 percent of Debswana’s production in 2011, rising to 15 percent in 2016. 
However, diamond cutting and polishing companies in the country had been grappling with high operational costs. 
The country was said to have 20 cutting-and-polishing factories in 2015 and were at the time processing $1-billion worth of diamonds a year.

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