GJEPC will focus on demand generation for diamonds and jewellery in the next two years

Mr. Vipul P Shah, Vice Chairman, GJEPC and also CEO & Managing Director of Asian Star Co. Ltd. has a rich experience in the diamond industry. His business acumen and professional conduct have contributed significantly in transforming a diamond manufacturing...

13 july 2020

The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

06 july 2020

Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 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