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

“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

Tango cancels services agreement for Angola diamond project

23 august 2019

tango_mining_logo.pngTango Mining has terminated the services agreement for mining and marketing of diamonds with Cooperativa Mineira Do Moquita, SCRL in Angola. 
The company also said that two loan facilities announced 12 September 2018, to fund the capital and operating costs associated with the mining of diamonds in Angola, have also been terminated.
No reasons for the termination were provided in a brief statement released by the company.
Endiama had given the green light to restart operations at Moquita last February.
Tango was active since then in assisting Cooperativa Mineira Do Moquita, SCRL with mine set up and plant rehabilitation as well as finalizing the mine plan.
Tango is planning to change its name to Southstone Minerals and it recently said that it will sell its metallurgical coal and mining projects to focus on its diamond properties.

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