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

Johan Erikson: The industry needs to spend more on advertising and marketing

First Element is a fully independent Diamond Services Company registered in Belgium, Botswana, South Africa and Dubai. First Element is committed to providing a world class diamond service aimed at adding value to the entire supply chain, from the daily...

08 june 2020

Angola to boost diamond polishing capacity

19 june 2020
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               Image credit: Endiama



Angola is set to boost diamond value addition with the recent launch of the Saurimo Diamond Development Pole (Hub) in Luanda.
More than 5,000 new jobs would be created, a move that will boost the cutting capacity of rough diamonds from two percent to 20%.
“In this venture, several types of jobs will be created for Angolans, from diamond cutting to commercial services,” mineral resources minister Diamantino Azevedo was quoted as saying by Ver Angola.
The hub, which is located north of the municipality of Saurimo, is expected to be complete by November, with the infrastructure of the main stoning plant already completed.
The objective of the development is to unite and provide infrastructure to companies operating in the country’s diamond mining sector.
This will include diamond polishing factories.
The Saurimo diamond hub, which was approved by the Angolan President in March 2019, would be overseen by SODIAM, a state diamond trading company.

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