Ali Pastorini: Challenges make us think out of the box and be closer to customers

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

Yesterday

Today’s customer needs an offer of something unique that others do not have

Oksana Senatorova is the publisher of the Jewelry Trade Navigator magazine and the founder of the Jewellery Business Academy.
She graduated from I. M. Sechenov Medical Academy and the Faculty of Psychology of Lomonosov Moscow State University...

09 january 2020

Inventories accumulated by De Beers, ALROSA to put ceiling on prices near-term even if demand substantially picks up – Zimnisky

As we are in the last month of 2019, it is prudent to examine what the diamond industry went through and the possible trajectory in the upcoming year. Industry expert, Paul Zimnisky spoke with Rough & Polished’s Mathew Nyaungwa to discuss this and other...

30 december 2019

Empowering customers and engaging more with our stakeholders is the new Mission

The unassuming Govindbhai Laljibhai Dholakia, Chairman, Shree Ramkrishna Exports Pvt Ltd (SRK) is not just an ace businessman but a noted philanthropist. He has contributed immensely to social welfare with special focus on education … a noteworthy...

23 december 2019

‘Dubai has proven to be a great port for diamond tenders’

Stargems, which was established by Shailesh Javeri in 1981, has been involved in the trading of rough diamonds and is now also into manufacturing, wholesaling, retailing, tendering of diamonds and diamond jewellery. Although, the company has operations...

16 december 2019

Intermittent power supply disrupts production at Firestone’s Liqhobong mine

09 october 2019

firestone_diamonds_logo.pngFirestone Diamonds said intermittent power supply is disrupting production at its 75%-owned Liqhobong Mine, in Lesotho. 
The mine, it said, is supplied electricity from the Muela Hydropower Station (MHS), which is owned by the Lesotho Electricity Company (LEC).
The MHS commenced a two-month maintenance shutdown on 1 October at which time ongoing supply was to be provided by South Africa's power utility company, Eskom.
“Since then, the mine experienced unexpected voltage fluctuations that caused the drives of the plant equipment to trip and as a result, operations have been severely disrupted,” it said last Friday. 
The company said it is addressing the issue “urgently” with the LEC and Eskom.
Firestone produced 208,572 carats at Liqhobong during the quarter ended 30 June 2019 compared to 155,206 carats, a year earlier. 
This took total carats recovered during the fiscal year 2019 to 829,458 carats.
Firestone is planning to recover between 820,000 and 870,000 carats in the fiscal year 2020.

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