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...

01 june 2020

“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

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