Consumers attracted to diamond jewelry more than ever

Ali Pastorini is the co-owner of Del Lima Jewelry 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...

21 september 2020

WDC actively supports initiatives from mine to retail; and also strives for support for the artisanal and small-scale miners - Edward Asscher, President, World Diamond Council

A member of one of the diamond industry and Amsterdam’s most well-known families, Edward Asscher was elected President of the World Diamond Council in June 2020 for a two-year term. Asscher is serving a second time as WDC President, having led the organization...

14 september 2020

Diamonds are one of the few things that have held human fascination in every nook and cranny of the world across time

Dr Usha R. Balakrishnan, a preeminent historian of Indian jewellery based in Mumbai, is Chief Curator of the World Diamond Museum. Being the author and co-author of several volumes of Diamonds Across Time, a new book and an important venture launched...

11 september 2020

Botswana Diamonds to bulk sample KX36 kimberlite, sees commercial potential

Botswana Diamonds recently acquired Petra Diamonds’ exploration assets in Botswana for $300000. The assets that were owned by Petra through its wholly-owned Sekaka Diamonds Exploration, include the KX36 project, a 3.5 hectare kimberlite that was a new...

07 september 2020

Indian diamond industry looks for recovery options

Webinars being the order of the day due to COVID-19 crisis, the Gem & Jewellery Export Promotion Council (GJEPC) of India organized a virtual meeting under its UNCUT 2020 Webinar series on 17 August 2020, inviting all stakeholders to discuss...

31 august 2020

Take lightly challenge of synthetic diamonds at own peril – Namibia mines minister

06 november 2019

namibia_flag.pngThe emergence of the lab-grown diamonds present a peculiar challenge that natural diamond producers should take lightly at their own peril, Namibia’s mines minister has said. 
Minister Thomas Kavaningilamo Alweendo told a diamond mining conference in Gaborone, during a panel discussion on harnessing the power of collaboration to unlock opportunities, that Namibia and Botswana, for example, need to think of better ways to tackle this challenge and others.
“The benefits of diamonds in our countries are immense, especially in Namibia and Botswana, however we cannot rest on our laurels as they are challenges to come and I think together we can collaborate and find a solution,” he said.
Although lab-grown diamonds are a small fraction of the market, industry experts such as Paul Zimnisky have projected that they will grow by 22% annually.
The projected growth will be driven by continued advancement in technology.
He said the two countries will also face old mines.
“There some challenges that we are going to experience going forward, for example in both Namibia and Botswana, our mines are getting older and more and more expensive to extract diamonds from,” said Alweendo.
Namdeb, a joint venture between the government of Namibia and De Beers, recently sold its Elizabeth Bay Mine as it could no longer economically run the operation.
Meanwhile, the Namibian mines minister said governments should now be involved in the marketing of diamonds rather than leaving that to the diamond companies.
“For me the conventional model where companies pay for advertisements is no longer sufficient for us going forward and therefore we need to have collaborative efforts where we collectively tell the story,” he said.
“But that will only happen, unfortunately, when people, especially the communities where diamond mining takes place, believe they have a stake or derive benefits from the mining sector.”
Alweendo also said governments and companies should accept the new order of realities.
He said consumers as the only true source of value of diamonds are starting to demand that, “we don’t harm the environment where diamonds come from, and also that the people who work on our mines are working safely”.

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