Our main role is to inspire consumers to consider diamonds - Jean-Marc Lieberherr

With over 25 years of experience in a variety of leadership positions across many geographies, functions and businesses, Jean-Marc Lieberherr has more than 10 years’ experience as a diamond industry leader, which includes as a Board member of the World...

09 december 2019

Training in diamond valuation is key for artisanal miners

Ian Rowe, the Executive Director of the Diamond Development Initiative (DDI) was appointed in September 2019, having joined DDI as Deputy Executive Director a year earlier. Ian managed field operations in Sierra Leone within this role and led...

02 december 2019

Kangalassi 2.0: Raising the living standards, creating new jobs

At the V Eastern Economic Forum (EEF) held in early September in Vladivostok, the Yakut company SAYBM signed a tripartite agreement with two agencies - the Far Eastern agency and the regional one - for attracting investments and providing export...

25 november 2019

We live in a new dimension of environmental responsibility carried by business

In mid-October, Moscow hosted the VIII Ecological Forum attended by representatives from the State, large industrial companies, scientific and public organizations. The forum delegates discussed the issues related to finding a balance between the socio-economic...

18 november 2019

De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

11 november 2019

Endiama plans $200mln investment to boost Angola diamond output

03 december 2019

logo_endiama-2.pngAngolan state-owned diamond mining company, Endiama is set to inject $200 million into its operations next year to lift national output from 11.3 million to 13.8 million carats.
Company chief executive Laureano Paulo was quoted by Angop news agency as saying that investments previously made saw the company producing 6.1 million carats in 2017, 8.8 million in 2018 and is expected to realise an output of 11.3 million carats this year.
He said Endiama will invest $1 billion over the next five years.
Paulo said the financial needs for the company will likely rise to between $2 billion and $3 billion per year as new projects come on stream.
The Angolan Development Bank and VTB Africa, which is part of the Russian group VTB, were among the few financiers of the diamond sub-sector in Angola.

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