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

Correct adjustment of advertising is the major challenge

At the recent Amberforum held in the Baltic city of Svetlogorsk, Andrey Yanchevsky, Head of the trade representation of the LA VIVION jewelery company shared his opinion with the correspondent of Rough&Polished on the state and prospects of the jewellery...

05 august 2019

Small-scale diamond mining is the future in Botswana – Leon Daniels

Pangolin Diamonds, which is currently the most active diamond exploration company in Botswana, has called upon authorities in the southern African country to include diamonds into the minerals permit for small scale mining operations. Pangolin chief...

29 july 2019

“There has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

22 july 2019

Sierra Leone community sues diamond firm for water contamination

12 august 2019

A community in Koidu, the largest city in Sierra Leone’s diamond-rich Kono district, has filed a lawsuit against diamond mining firm Octea Limited over the contamination of water, among other things.
Reuters reports that the complaint, filed in Sierra Leone’s High Court in March, claims $288 million in damages for “degradation or destruction of land, destruction of homes and loss of livelihoods and ...dumping of toxic mine waste,” inter-alia. 
A judge ruled on July 22 the case was “adjourned for judicial recess” until the end of September.
The 73 plaintiffs who all live within 500 metres of the mine say they have suffered coughing fits, respiratory infections and headaches from living around the mine, according to court documents.
Lawyers for the residents said they believe some of the health problems are the result of highly acidic water draining from the mines without proper treatment and affecting water sources nearby.
However, Octea, a subsidiary of BSG Resources, founded by Israeli billionaire Beny Steinmetz, said the allegations were “baseless and without merit.”

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