Lab-grown diamond jewellery sales to breach the 10% mark for the first time this year – Zimnisky

The supply and demand for man-made diamonds had been on an increase in recent years, much to the discomfort of the natural diamonds industry. Some companies in the mid-stream segment of the natural diamond industry are now involved in the lab-grown business...

28 november 2022

Diamond mining and diamond synthesis: Which is more efficient?

Vladislav Zhdanov - Professor at the National Research University Higher School of Economics and former Vice President of ALROSA (2015-2018). He is a physicist by profession. Vladislav Zhdanov was educated at the Ural Federal University (General...

21 november 2022

The success of TAGS over the past 5 years has encouraged many large tender houses to establish regular and sizeable tender operations in Dubai

Mike Aggett is an experienced Private Consultant with a demonstrated history of working in the mining and metals industry. Skilled in Luxury Goods, Business Planning, Sales, Gemology, and Jewelry, Mike is a professional who graduated from Dover College...

14 november 2022

It all starts with stones - it is they that give impetus, determine the image and embodiment

Maxim Selikhov is the founder of the SelikhoV Diamonds brand launched in 2006, and the company manufactures unique handmade jewellery with rare high-quality gemstones. He is also known as a collector of unique and large-size jewellery stones who considers...

07 november 2022

‘Our technologies – CVD machines and growing technology – are game changers’, asserts Arnaud Flambeau, Executive Chairman, 2DOT4 Diamonds LLC

Arnaud Flambeau is the Executive Chairman of ‘2DOT4 Diamonds LLC’, Dubai, a fully integrated lab-grown diamonds company. The Company provides rough 'as grown' diamonds, in-house polished IGI certified loose polished diamonds and high-quality...

31 october 2022

Angola to offload share capital in 195 firms including Endiama

16 august 2019

The Angolan government is planning to offload share capital it wholly or partially holds in 195 different companies under the privatisation programme.
The disposal of its stakes in these entities will take place between 2019 and 2022 through public tenders and initial public offering, according to Jornal de Angola.
Of the targeted companies, 175 firms will be sold via public tende.
State-owned diamond company, Endiama will be one of the firms to be privatized.
Reports suggested last month that a mineral resources agency is being set up to act as regulator and concessionaire. 
Endiama, will no longer take on these roles and part of the diamond company will be floated on the stock exchange. 
The realignment of the mining sector in Angola follows that of the oil sector, which saw Sonangol sell its non-strategic assets and will have a minority share of its capital floated on the stock exchange in 2020. 
Endiama is expecting to earn about $1.5 billion in revenue this year compared with $1.25 billion realised from 8.47 million carats sold in 2018. 
Endiama has a 41% interest in Catoca, which produces and sells about 6.8 million carats of Angolan Catoca’s reserves are estimated at 120 million carats.  
It also has interests two other primary kimberlite projects – Camutue and Luo.  
Endiama has stakes in nine secondary alluvial projects, which included Chitolotolo, Chimbongo, Cambange, Cuango and Lulo. 
Endiama, together with Russia’s Alrosa, are prospecting for diamonds at the Luaxe kimberlite project.  
The deposit was discovered in 2013 and it has reserves of about 350 million carats with a lifespan of 30 years.

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