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

An opportunity to show your products and occupy your niche

Recently, GOLDNET.MARKET, the first jewellery wholesale marketplace, appeared on the Russian jewellery market. Vladimir Pilyushin, one of the founders of GOLDNET.MARKET, editor-in-chief of the ‘Russkyi Yuvelir’ (Russian Jeweller) magazine...

14 december 2020

Namibia blocks extension of diamond middleman’s contract

08 june 2020

Image credit: Namdia

The Namibian government has rejected the state-owned diamond company Namdia’s plans to extend the contract of their middleman and global diamantaire Neil Haddock, according to local news reports. 
The Namibian reports that the former De Beers dealer had been facilitating the sale of Namdia's diamonds in Dubai since 2016.
“I can confirm that I opposed the extension. Please contact the public enterprises minister, under whom Namdia now falls, for further details on this matter,” minister of mines and energy Tom Alweendo was quoted as saying by the daily.
He said it was baffling that Namdia failed to ensure the transfer of skills for Namibians to take over once Haddock's contract expired.
The minister had given Namdia permission to keep Haddock on for a further six months when his contract initially lapsed in September 2019.
Namdia was set up following an agreement between the Namibian government and De Beers in 2016, which stipulated that Namdeb Holdings would channel 15% of its annual diamond production to state-owned entity. 
The company previously faced allegations of selling Namibian diamonds below market value to Dubai companies.

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