African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

01 june 2020

“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

25 may 2020

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

Gem Diamonds raises $6.7m from second Letšeng flexible tender

06 april 2020

Gem Diamonds has raised a further $6.7 million from the second round of the Letšeng flexible tender sales.
It said the conclusion of the latest flexible tender sales process saw the company achieving an average value of $1 615 per carat for the first quarter of 2020 compared to $ 1 713 per carat in the fourth quarter of 2019. 

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Image credit: Gem Diamonds


"The second round of the recently introduced flexible tender sales process again demonstrates the ongoing demand for Letšeng's large, high quality diamonds,” said Gem Diamonds chief executive Clifford Elphick.
The flexible tender sales process was put in place as a result of the March large diamond tender being cancelled due to the travel and other Covid19 restrictions imposed by the Belgian government and the governments of the company's clients. 
The flexible tender sales process will continue during the period of these restrictions.
Gem Diamonds raised $12.1 million from the first round of the Letšeng flexible tender sales process, which concluded on 26 March.

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