“With technology all information is immutable and Blockchain cannot be compromised,” reassures Erik Jens, CEO, LuxuryFintech

When Erik A Jens quit ABN AMRO as global CEO of its diamond and jewellery client division, he started his movement called LuxuryFintech, which provides services such as commercial and corporate banking solutions for the art and jewelry sector, and asset-backed...

Yesterday

Diamonds across time

Not so long ago, the global library of professional publications on precious stones was replenished with a unique book about rare diamonds and diamond jewelry published by the World Diamond Museum. Alex Popov, the founder and director of the museum told...

18 january 2021

Academician Pokhilenko: The situation with rough diamonds in the Russian Federation will start changing for the worse as early as 2025

Nikolai Petrovich Pokhilenko, Academician of the Russian Academy of Sciences (RAS), Deputy Chairman of the Siberian Branch (SB) of the RAS, Scientific Director of the Institute of Geology and Mineralogy of the SB of the RAS, is a prominent...

11 january 2021

Ilgiz Fazulzyanov: For a creator, the quarantine is the time to work on future masterpieces

Ilgiz Fazulzyanov is a successful and internationally recognized jewellery designer. He received his academic art education in Kazan and moved to Moscow in the 1990s where he lives and works now. His brand, Ilgiz F., is well known among true connoisseurs...

04 january 2021

Botswana Diamonds keen to mine KX36 kimberlite if found commercial

Botswana Diamonds intends to mine the KX36 kimberlite, which it recently acquired from Petra Diamonds if found commercial. The high-grade KX36 kimberlite pipe is part of the three Prospecting Licenses in the Central Kalahari Game Reserve in Botswana...

28 december 2020

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