“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

ALROSA denies entering Marange

11 july 2019

Russian diamond giant, ALROSA, has denied receiving a licence to mine diamonds in Marange as alleged by the Zimbabwean state media.
However, the world’s leading diamond company in volume terms, said it will only explore and consider the feasibility of the Chimanimani area, among other parts of the country.
“ALROSA has never and under no circumstances considered and won’t consider the possibility of entering the Marange region,” the company spokesperson told Rough & Polished.
“All reports that ALROSA officially entered Marange or is going to enter Marange must be considered false.”
The diamond giant will make an official announcement concerning its operations in Zimbabwe next week, the spokesperson added.
Zimbabwe mines minister Winston Chitando also confirmed in The Herald report that an agreement will be signed next week, between Harare and ALROSA.
“Alrosa, which is from Russia, they have already opened an office in Zimbabwe which will be officially opened next week,” said Chitando.
According to ALROSA's media communications, the company operates in strict compliance with corporate standards and industry commitments as part of membership in RJC, WDC and DPA, .
“All these standards will be unconditionally implemented in the work of ALROSA in Zimbabwe,” the spokesperson said.

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