Diamex Lab: Our technology allows you to trace the history of the origin of each stone

Gleb Sverdlov, CEO of Diamex Lab told Rough & Polished in his interview below about the development of IT technologies for the market of rough and polished diamonds and jewelry.

Yesterday

The future of the market goes hand in hand with gemology

After 2019, a challenging year for the global diamond industry, we asked Yuri Shelementyev, head of the Moscow State University (MSU) Gemmological Center and president of the National Gemological Association (NGA), to share his views...

10 february 2020

Diamond industry in healthier position going into 2020

The diamond industry is in a healthier position going into 2020 due to actions taken last year, according to De Beers. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa that the actions taken included reducing rough diamond production...

03 february 2020

Ethical sourcing and Diamonds Standards Organization

The diamond sector is ready to embrace a new decade and overcome some of its historical challenges. Ethical sourcing has proven to be undoubtedly one of the main aspects that industry professionals need to address. Antonio Cecere, President of Geneva...

27 january 2020

Ali Pastorini: Challenges make us think out of the box and be closer to customers

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

20 january 2020

De Beers SA sells more rough diamonds to local beneficiators than required by law

10 february 2020

De Beers Group in South Africa has sold more than 70% of its total gross sales of rough diamonds to local beneficiators, according to a senior manager.
De Beers Group Managed Operations managing director responsible for South Africa and Canada, Nompumelelo Mpumi Zikalala was quoted by Mining Weekly as saying that they sold 30% more than the 40% required by legislation. 

DWilliams
Image credit: DWilliams (Pixabay)


She said the production profile required by customers to cut and polish profitably did not allow the 40% threshold to be achieved and the only way of doing so was through aggregation.
“Our sales model works in a manner where our different countries mine the diamonds, we then aggregate them together, and coming out of that international mix, we then extract what it is that customers in those specific countries would be looking for, driven by profitability,” Zikalala said.
Diamond output in South Africa fell by 65% to 400,000 carats in 2019 due to lower volumes of ore mined at Venetia as it approaches the transition from open pit to underground.  

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