Demand will pick up once the season starts

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business...

14 october 2019

Prospects for discovering new diamond deposits in the Arkhangelsk Province are far from exhausted

ALMAZINTECH is engaged in technical auditing and comprehensive assessment of activities performed by exploration, diamond mining and gold mining businesses in Russia and other countries, as well as carries out research and development. It employs highly...

07 october 2019

Botswana Diamonds eyes expansion of Thorny River to include Marsfontein – Campbell

Botswana Diamonds, which has a 40% stake in Thorny River, through Vutomi, said there are plans to expand the project located in South Africa to include Marsfontein once a mining permit for the latter has been awarded. Company managing director James...

30 september 2019

Diamond knife and tender system: The tight-fisted paying twice?

LLC Kristalin is the only company in Russia that manufactures microsurgical diamond blades for domestic healthcare that meet international requirements and are used in ophthalmology, neurosurgery and plastic surgery. Mikhail Zhiltsov, the company’s Deputy...

23 september 2019

Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished...

16 september 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