African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

01 june 2020

“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

25 may 2020

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

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.  

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                  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