Consumers attracted to diamond jewelry more than ever

Ali Pastorini is the co-owner of Del Lima Jewelry 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...


WDC actively supports initiatives from mine to retail; and also strives for support for the artisanal and small-scale miners - Edward Asscher, President, World Diamond Council

A member of one of the diamond industry and Amsterdam’s most well-known families, Edward Asscher was elected President of the World Diamond Council in June 2020 for a two-year term. Asscher is serving a second time as WDC President, having led the organization...

14 september 2020

Diamonds are one of the few things that have held human fascination in every nook and cranny of the world across time

Dr Usha R. Balakrishnan, a preeminent historian of Indian jewellery based in Mumbai, is Chief Curator of the World Diamond Museum. Being the author and co-author of several volumes of Diamonds Across Time, a new book and an important venture launched...

11 september 2020

Botswana Diamonds to bulk sample KX36 kimberlite, sees commercial potential

Botswana Diamonds recently acquired Petra Diamonds’ exploration assets in Botswana for $300000. The assets that were owned by Petra through its wholly-owned Sekaka Diamonds Exploration, include the KX36 project, a 3.5 hectare kimberlite that was a new...

07 september 2020

Indian diamond industry looks for recovery options

Webinars being the order of the day due to COVID-19 crisis, the Gem & Jewellery Export Promotion Council (GJEPC) of India organized a virtual meeting under its UNCUT 2020 Webinar series on 17 August 2020, inviting all stakeholders to discuss...

31 august 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. 

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