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

‘We expect to completely open the Bourse for business by Q1 of the Year 2022,’ assures Vallabhbhai Patel, Chairman, SDB

Vallabhbhai Patel, Chairman of the Surat Diamond Bourse, dreamed of building the world’s largest commercial building in Surat for the Indian diamond industry. He conceptualized the ‘Surat Diamond Bourse’ (SDB), which is set to redefine...

21 december 2020

An opportunity to show your products and occupy your niche

Recently, GOLDNET.MARKET, the first jewellery wholesale marketplace, appeared on the Russian jewellery market. Vladimir Pilyushin, one of the founders of GOLDNET.MARKET, editor-in-chief of the ‘Russkyi Yuvelir’ (Russian Jeweller) magazine...

14 december 2020

Gem rakes in $7.8mln from Letseng small diamond tender

19 march 2020

Gem Diamonds has raked in $7.8 million from the Letseng small diamond tender, which closed in Antwerp on Wednesday. 
However, the tender was 18% below the like for like prices reached at the last small diamond tender held in November 2019 before the Covid19 coronavirus economic crisis. 

news_19032020_gem_diamonds.png
Image credit: Gem Diamonds


"The results of the Letseng small diamond tender are resilient given the difficult circumstances under which the tender was held caused by the ongoing Covid19 situation,” said company chief executive Clifford Elphick.
“We look forward to proceeding with the flexible sales processes in respect of the Letseng large diamond parcel which contains many high quality diamonds."
Meanwhile, Gem Diamonds said its Letseng large diamond tender, which commenced on 16 March and was due to have closed next week on 25 March, has been cancelled due to the Covid19 coronavirus.
Travel and other restrictions imposed by the Belgian government and the governments of the company's clients to prevent the outbreak of has made it impossible for the auction to go ahead.
Gem said a flexible direct sale process has been put in place for large and high quality diamonds.
This sales process, it said, will include direct sales and also partnership arrangements.
“Any diamonds which are not sold under the flexible sales process will be held over for sale at a later date,” said the company.

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