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...

Yesterday

“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

India-mined rough diamonds tenders in Surat garner $ 1037.89 mln

11 october 2019

Since 1998, the rough diamonds mined in India were up for display for auction between September 24 and 27 by state-run National Mineral Development Corporation (NDMC) in association with Gems & Jewellery Export Promotion Council (GJEPC) garnered $ 1037.89 mln. As per market sources, rough diamonds of about 24,000 carats were to be up for display, according to media reports.
Industry watchers believe the e-auction would augur well for rough diamonds mined from within India, despite the quantity is minuscule compared to India’s imports figures of 16.50 mln carats of rough diamonds valued at $15.72 bln in the financial year 2018-19.
Dinesh Navadiya, Regional Chairman of GJEPC is of the opinion that continued display of rough diamonds year-on-year at Surat will result in more buyers bidding in the auction for India mined rough diamonds. According to reports, production of rough diamonds by NMDC is at about 40,000 carats per annum while sales is around 30,000 to 33,000 carat per annum.
NMDC has switched over from physical auction to e-auction or online mode of sale since 2015-16 in which display of rough diamonds for every e-auction is being conducted first at Panna followed by Mumbai and now Surat, before conducting e-auction. 

Aruna Gaitonde, Editor in Charge of the Asian Bureau, Rough & Polished