Part 1: KPCSC gives insight into illegal diamond mining, trading in Africa

Although the diamond watchdog Kimberley Process (KP) prides itself for significantly reducing the flow of conflict goods since its establishment in 2003, the Kimberley Process Civil Society Coalition (KPCSC) alleged that illegal diamond...

Yesterday

The jewelry industry in Russia needs to be upgraded in a serious way

Dina Nasyrova is a vice-president of the International Jewelry Exhibition-Congress J-1 recently hosted by the Atrium of Gostiny Dvor in Moscow. As a partner and the Muse of the famous jeweler Ilgiz Fazulzyanov, she actively participated in the preparation...

11 october 2021

Smiling Rocks, a philanthropic business model, inspires companies to work for betterment of the world

Zulu Ghevriya, the CEO and Co-Founder of Smiling Rocks, Founder of Vedantti Jewellery and Managing Director of Prism Group has been in the diamond and jewellery industry for over 20 years. Zulu started his business, Prism Group, as a natural diamond...

04 october 2021

Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

27 september 2021

GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

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