Demand will pick up once the season starts

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business...

14 october 2019

Prospects for discovering new diamond deposits in the Arkhangelsk Province are far from exhausted

ALMAZINTECH is engaged in technical auditing and comprehensive assessment of activities performed by exploration, diamond mining and gold mining businesses in Russia and other countries, as well as carries out research and development. It employs highly...

07 october 2019

Botswana Diamonds eyes expansion of Thorny River to include Marsfontein – Campbell

Botswana Diamonds, which has a 40% stake in Thorny River, through Vutomi, said there are plans to expand the project located in South Africa to include Marsfontein once a mining permit for the latter has been awarded. Company managing director James...

30 september 2019

Diamond knife and tender system: The tight-fisted paying twice?

LLC Kristalin is the only company in Russia that manufactures microsurgical diamond blades for domestic healthcare that meet international requirements and are used in ophthalmology, neurosurgery and plastic surgery. Mikhail Zhiltsov, the company’s Deputy...

23 september 2019

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

De Beers confirms offering customers flexibility as diamond sales fall again

04 october 2019

de_beers_logo.pngDe Beers has confirmed that it continued with its policy of offering flexibility to its diamond buyers at the just ended eighth sales cycle of the year.
Some buyers who attended the September sightholders sales last week in Gaborone, Botswana had 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. 
The Anglo American unit said it raked in $295 million during the cycle compared with $482 million, a year earlier or $287 million realised during the seventh cycled.
“As we approach what is traditionally a quieter time of year for the diamond industry during the Diwali holiday, we have again offered our customers flexibility during this sales cycle,” said De Beers chief executive Bruce Cleaver.
The industry is currently experiencing an oversupply of polished diamonds that have led to sharp price drops than for rough stones.

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