Chris Del Gatto: “We provide capital to smart companies”

Chris Del Gatto, CEO & Co-Founder of DELGATTO Diamond Finance Fund L.P., a New York-based non-bank lender to the diamond and jewelry industry, started his career as a diamond cutter when he was just 17. In his early 20’s, Chris went on to co-found a...

Yesterday

Lunhianga Project: "The forecasts for this year point to the production of about 100 thousand carats of diamonds"

Advanced information, by the coordinator of Endiama’s Lunhinga Project Management Committee, Adérito Gaspar, points to a drop in production due to the pandemic, but with good prospects in view of the potential of the kimberlites of Camatchia, in production...

19 october 2020

Crisis is the way to development

Maria Krasnova belongs to the second generation of the St. Petersburg jewellers. She is a daughter of Pavel Sokolov, the founder of ‘Samotsvety ot Sokolova’ (Gems by Sokolov), a jeweller and expert gemologist famous for his collection of unique...

12 october 2020

Gaetano Cavalieri: Diamond producers no longer insisting that clients purchase what they are offered

Dr. Gaetano Cavalieri has served for the past 19 years as president of CIBJO, the World Jewellery Confederation. Uniting national jewellery and gemstone associations from more than 40 countries, including Russia, and many of the industry’s major corporations...

05 october 2020

Worth of gold and diamonds

Initiatives in Arts and Culture and De Beers recently co-hosted a webinar on the worth of gold and diamonds. The webinar, which was moderated by Mickey Alam Khan, the founder and editor of Luxury Daily, featured Jeffrey Christian, founder and managing...

28 september 2020

Diamonds account for 90% of Botswana's exports to UAE

26 august 2019

Diamonds accounted for more than 90% of Botswana’s exports to the United Arab Emirates (UAE), according to Dubai Chamber of Commerce and Industry (DCCI).
The UAE's trade with Botswana was Dh5.14 billion ($1.4 billion) in 2018.
Director of external offices at the Dubai Chamber, Omar Khan said that the UAE's trade with Botswana rose from $500 million in 2015 to $1.4 billion in 2018, making the country an ideal destination for re-exporting Botswana diamonds to the world.
Apart from diamonds, Khan said there are also investment opportunities in the field of meat and livestock.
Botswana was overtaken by Russia as the world’s top diamond producing country in 2014.
Diamonds are the country’s main source of income and account for about 80% of its exports.

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