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

Zimbabwe conducts third diamond auction for 316,000 cts – report

12 september 2019

zimbabwe_flag.pngZimbabwe’s state-owned Minerals Marketing Corporation (ZMCC) is conducting a diamond auction of 316,000 carats in Harare, according to media reports.
The diamonds were produced by Zimbabwe Consolidated Diamond Corporation, which has operations in Marange and Chimanimani.
MMCZ general manager Tongai Muzenda said the auction will close at the end of the week.
“This is the third auction we have conducted this year as there were some administrative issues which were taking place within the organization," he was quoted as saying by Bloomberg.
The auction has attracted buyers from Belgium, Dubai, India, Israel and South Africa.
However, Muzenda declined to name the companies bidding, citing confidentiality.
Zimbabwe expects to produce 4.1 million carats of diamonds this year compared with 2.8 million carats in 2018.

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