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.

Yesterday

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

Johan Erikson: The industry needs to spend more on advertising and marketing

First Element is a fully independent Diamond Services Company registered in Belgium, Botswana, South Africa and Dubai. First Element is committed to providing a world class diamond service aimed at adding value to the entire supply chain, from the daily...

08 june 2020

Trans Hex to delist from JSE

25 november 2019

trans_hex-logo.pngTrans Hex, which has diamond operations in South Africa and Angola, is expected to finalise its delisting from the Johannesburg Stock Exchange (JSE) early next month.
Suspension of the listing of the company’s shares on the JSE is expected on 27 November, it said in a statement.
Trans Hex first announced its plans to delist on the JSE last July saying it would allow it to save on the costs of operating in a regulated environment.
It also felt that the JSE listing was of little benefit to the company at this stage of its operating cycle.
The company’s Angolan business had been growing financially, but the South African business experienced considerable challenges due to declining small diamond prices, lower than expected diamond grades and increasing costs relating to security.
Trans Hex recently liquidated its unprofitable West Coast Resources.
It previously failed to sell the business or to get a third party to run it.

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