Our main role is to inspire consumers to consider diamonds - Jean-Marc Lieberherr

With over 25 years of experience in a variety of leadership positions across many geographies, functions and businesses, Jean-Marc Lieberherr has more than 10 years’ experience as a diamond industry leader, which includes as a Board member of the World...


Training in diamond valuation is key for artisanal miners

Ian Rowe, the Executive Director of the Diamond Development Initiative (DDI) was appointed in September 2019, having joined DDI as Deputy Executive Director a year earlier. Ian managed field operations in Sierra Leone within this role and led...

02 december 2019

Kangalassi 2.0: Raising the living standards, creating new jobs

At the V Eastern Economic Forum (EEF) held in early September in Vladivostok, the Yakut company SAYBM signed a tripartite agreement with two agencies - the Far Eastern agency and the regional one - for attracting investments and providing export...

25 november 2019

We live in a new dimension of environmental responsibility carried by business

In mid-October, Moscow hosted the VIII Ecological Forum attended by representatives from the State, large industrial companies, scientific and public organizations. The forum delegates discussed the issues related to finding a balance between the socio-economic...

18 november 2019

De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

11 november 2019

Debswana to maintain 2019 production plans

14 august 2019

debswana_logo.pngDebswana said it will maintain its production plans for the year, despite the weak global demand for rough diamonds.
Botswana’s leading diamond company will keep its target of 24 million carats for the year.
“It should be noted that the De Beers Group’s production guidance for the year was initially set to be in the range of 31-33 million carats and has recently been revised down to the bottom of this range at 31 million carats,” the group’s corporate affairs manager (external communication), Agatha Sejoe was quoted as saying by BusinessWeek.
“Therefore, the production guidance for the year remains within the initially guided range.
“As such, Debswana has not changed its production plans but as always retains the flexibility to adjust production up or down as per prevailing demand conditions.”
Debswana’s maintenance of its production despite De Beers’ reduced target was due to the fact that other De Beers mines are expected to lower their production.
Sejoe, however, said Debswana was closely monitoring trends in the rough diamond market and was confident it had the plans to cope.
“We remain positive because the robust business plan that we have in place and strategic management of our operations, enable us to handle ebbs and flows in demand for rough diamonds,” she said.
The market for both rough and polished diamonds remains challenging due to an excess supply of polished diamonds and reduced credit available in the mid-stream of the supply chain.  Liquidity issues and concerns over manufacturers' profitability have resulted in weaker demand, while global trade disputes and unrest are also contributing factors, resulting in lower prices for rough diamonds.  

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