Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

De Beers maintains policy of offering flexibility to diamond buyers – report

01 october 2019

de_beers_logo.pngDe Beers continued with its policy of offering flexibility to its diamond buyers in view of the current weak demand for rough, according to Bloomberg.
Unnamed people who attended the September sightholders sales last week in Gaborone, Botswana said the firm allowed buyers to reject half the stones in each parcel offered.
They were also given room to sell back some diamonds to De Beers on favorable terms.
“This year, buyers have grown increasingly frustrated with the cost of rough diamonds sold by De Beers as the prices of polished gems slumped,” said Bloomberg.
“That’s led to wafer thin margins for their buyers and in some cases losses from the stones bought from De Beers and Russian rival Alrosa PJSC.
“The industry’s problems are centred around an oversupply of polished diamonds that have led to much steeper price drops than for rough stones.”
De Beers chief executive Bruce Cleaver said last July that there are no structural problems in the industry, although he accepts it’s not an easy time for clients.
The group sold $280 million of diamonds at its August sale, 44% less than a year earlier. 
Its sales so far this year are about $1billion lower than the previous year.


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