Diamonds: A cocktail of optimism, pessimism in the midst of Covid-19 pandemic

Rough & Polished’s Mathew Nyaungwa recently attended a webinar organised by CIBJO Communications to examine consumer demand at the time of the Covid-19 pandemic, importance of data, financial models and lab grown diamonds. The webinar, chaired by Edward...

10 august 2020

How Russkiye Samotsvety is coping with the current downturn

One of the key issues facing most Russian companies today is the need for an objective assessment of the new consumption decline due to the quarantine, as well as making forecasts for a way out of it. According to a RBC-Petersburg’s study made in June...

03 august 2020

Global rough diamond sales down 80-90% in value in Q2 –Zimnisky

The COVID-19 pandemic, which is spreading across the globe, having originated from China’s Wuhan has left diamond traders and buyers at sixes and sevens. Traditional diamond tenders were cancelled around March as governments imposed travel restrictions...

27 july 2020

Indian diamond and polishing industry requires forward integration - Dinesh Navadiya

Dinesh Navadiya is now the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India for the 3rd term. He is also the Director on the Board of the Gem & Jewellery Skill Council of India (GJSCI)...

20 july 2020

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

Angola rakes in $1.7 mln from semi-industrial diamond activities

21 november 2019

angola_flag.pngThe Angolan National Diamond Trading Company (Sodiam) sold diamonds worth $1.7 million from semi-industrial diamond activities between February and October this year, according to local media reports.
Endiama's mining geology administrator Ana Feijó was quoted by Angop as saying that only 10 cooperatives produced diamonds during the period under review.
These include Campo Sunjige, Queen Nzinga Mbandi and Chitengue Chalanja.
He said of the 266 cooperatives in the country, 234 were dormant.
Angola seized 32,000 carats of diamonds since September 2018 from illegal miners when it launched its transparency operation.
It also granted 268 mining concessions since the beginning of the operation.
Meanwhile, Feijó said 3,097 jobs were created as a result of the re-organisation of the semi-industrial diamond exploration activities in the country.
Angola produced about 9 million carats of diamonds and is planning to boost output to 14 million carats by 2022.

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