“With technology all information is immutable and Blockchain cannot be compromised,” reassures Erik Jens, CEO, LuxuryFintech

When Erik A Jens quit ABN AMRO as global CEO of its diamond and jewellery client division, he started his movement called LuxuryFintech, which provides services such as commercial and corporate banking solutions for the art and jewelry sector, and asset-backed...

Yesterday

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...

18 january 2021

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

Endiama comes to the rescue of alluvial diamond miners

22 may 2020

logo_endiama-2.pngAngolan state-owned diamond company, Endiama has acquired earth moving equipment worth $10 million to reduce operating costs of companies involved in alluvial diamond mining, according to the local media.
Diamond companies were forced to shut down their operations and halt sales due to lockdowns introduced to contain coronavirus. 
Endiama Mining director general Pedro Galiano was quoted by Angop news agency as saying that the world diamond output dropped by about 50% since March to date compared to the same period last year.
He said that the Angola would register lower revenue from diamond sales this year should the pandemic continue.
Angola sold 1.5 million carats at an average price of $155.3 per carat in the first half of 2019, resulting in a gross revenue of $232.9 million.
Endiama said last week that Angola will this year produce 8 million carats from the initial target of 10 million carats.
The country produced 9.2 million carats in 2019.

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