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...

Today

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

Angola revises benchmark price for diamonds – report

10 april 2020

The Angolan government will work with a benchmark price of $100.3 per carat for production and sale of diamonds on the international market, an official has said.
The country’s finance minister Vera Daves was quoted by Macauhub as saying that the average carat price for diamonds had dropped from the previous $162. 

DWilliams
Image credit: DWilliams (Pixabay)



Angola’s new government had been making efforts to reform the diamond industry, which was shrouded in secrecy.
The country’s diamond revenue for the 2018-2019 period grew by 6.2%, to $1.29 billion compared to $1.22 billion realised during the 2017-2018 period.
Angola is projecting an output of 14 million carats in 2020.
Meanwhile, Sociedade Mineira de Catoca has suspended work at its new concessions in a bid to prevent the spread of Covid-19 coronavirus.
The company said in a statement that they kept a few services operational, in line with instructions from the health authorities.
Catoca owns the fourth largest diamond mine in the world, which accounts for more than 75% of the diamonds produced in Angola.

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