Unifying role is the main objective of the National Gemological Association

Yuri Shelementiev runs the Gemological Centre (GC) at the Moscow State University and is a president of the National Gemological Association (NGA) uniting the gemologists of Russia. The head of the MSU’ GC and the NGA answered the R&P’s...

15 july 2019

“Our goal is to bring clarity to the offering of Lab Grown Diamonds”, asserts Chris Casey, President, Lab Grown Diamond Council

Chris Casey is a 15-year veteran of the diamond and jewelry industry.  Chris also has extensive experience in market research as Founding Managing Director of the NPD Diamond and Diamond Jewelry Service where his responsibility included the...

08 july 2019

Dr. Michael S. Krzemnicki: Our dedication to scientific research is an important foundation to our expertise

Dr. Michael S. Krzemnicki, PhD, Director of the Swiss Gemmological Institute SSEF, in an interview with R&P told about the activities and plans of one of the world's leading Gemological laboratories specializing in scientific research of diamonds...

01 july 2019

“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

NDTC operations not under threat from current industry challenges – Eiseb

04 july 2019

Namibia Diamond Trading Company (NDTC) has allayed fears of an impact on its operations due to the current global challenges facing the diamond industry.
The challenges currently faced by the diamond industry are mainly because of polished inventory overhang, tight liquidity in the midstream and tight margins due to a sustained reduction in the prices of polished diamonds.
“NDTC over its 11 years of existence has experienced a number of industry downturns. The first and major one being the 2008/2009 global financial crisis,” company chief executive Brent Eiseb was quoted as saying by a local weekly.
“Since then, the business and the industry has had to navigate a number of global downturns most notably in 2012 and again in 2014/2015. Despite this, NDTC has been able to consistently fulfill its mandate and create value for all its stakeholders. 
“I am confident that NDTC will continue to contribute positively to efforts made in maximising for the country the benefits derived from diamonds mined in Namibia.”
 “In addition to this, the trade tariff standoff between the USA and China, two of the biggest diamond jewelry consuming markets, is impacting sentiment and confidence in the industry.”
Eiseb said that lower rough diamond sales over recent months coupled with robust retail demand in the key market of the USA should aid with addressing the challenges in the short to medium term. 
“On this basis, we remain cautiously optimistic about the sustainability of the business and the industry at large,” he said.

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