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

Petra to auction 20.08ct blue diamond in Nov

07 october 2019

Petra Diamonds is set to conduct a special tender of the exceptional 20.08 carat blue diamond recovered from the Cullinan mine, in South Africa last month.  

news_25092019_petra.png
                  Image credit: Petra Diamonds

It said viewings will take place from 1 to 7 November 2019 at the company's diamond marketing offices in Johannesburg.
The tender will then follow from 8 to 15 November 2019 at the Diamond Exchange and Export Centre (DEEC). 
The rare stone is expected to boost the struggling company’s revenue.
The group’s revenue for the year ended 30 June 2019 eased 6% to $463.6 million, which resulted in adjusted EBITDA margin declining to 33% against the previous year’s 39%.
Its net debt at 30 June 2019 was $564.8 million compared with $520.7 million, a year earlier.

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