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...


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

‘Collaboration has underpinned diamond industry’s success’

06 november 2019

Collaboration has underpinned the diamond industry’s success for many decades and will likely not change in years to come, says De Beers chief executive Bruce Cleaver.
He told a diamond conference in Gaborone that there are many forms of collaboration that will be necessary in his envisaged new diamond world for example, collaborating to ensure mutually beneficial relationships for communities and businesses, collaborating to maintain long lasting and meaningful relationship that form the bedrock of the entire diamond industry.
He lauded his company’s collaboration with Botswana for the past 50 years.
Debswana, a joint venture between De Beers and Botswana government, contributes almost 50% of public revenue, 33% of GDP, and more than 60% of foreign earnings to Botswana.
Diamond revenues in Botswana are used to develop human capital, build infrastructure such as roads, hospitals, schools and to improve the income of Botswana’s citizens. 
The partners are currently negotiating a new sales and marketing agreement to replace the current deal, which expires next year.
Gaborone wants to boost its share of independently marketed and sold rough to 30% from the current 15%.  
It also wants to be heavily involved in setting rough prices for its goods, which are currently decided almost singlehandedly by De Beers.  
Meanwhile, Cleaver said diamonds will continue to play a central role of Botswana’s ongoing development.
“It’s a creative approach to combine the requirements of industry leadership and statesmanship,” he said.
“We are inspired by Masisi’s vision for a knowledge based economy…As Botswana’s dedicated partner for 50 years am proud to say that every man and woman [at De Beers] is committed to turning the president’s vision for the nation to a lasting reality.”

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