GJEPC will focus on demand generation for diamonds and jewellery in the next two years

Mr. Vipul P Shah, Vice Chairman, GJEPC and also CEO & Managing Director of Asian Star Co. Ltd. has a rich experience in the diamond industry. His business acumen and professional conduct have contributed significantly in transforming a diamond manufacturing...

13 july 2020

The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

06 july 2020

Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

Angola’s annual diamond output to reach 14Mcts by 2022 – report

28 october 2019

angola_flag.pngAngola is planning to produce 14 million carats of diamonds by 2022 when the Luaxe mine in Lunda Sul province starts its operations, according to a news report citing Endiama.
The country produced 9,4 million carats last year.
Luaxe kimberlite, which was discovered in 2009, has an estimated reserve of 350 million carats.
Angola’s national diamond company, Endiama president Ganga Júnior was quoted by Macauhub as saying that they will expedite the process of building the facilities required to extract and process the diamonds as the kimberlite is “strategic”.
He said this will initially cost between $250 million and $300 million. 
Júnior said that production at the Luaxe mine, which is owned by Endiama and Alrosa, will be developed in phases to achieve a processing capacity similar to that of the Catoca mine.
Catoca produces more than 80% of Angola’s total output in volume terms.

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