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

Stargems’ historic tender of Angolan goods rakes in over $17m in India

22 june 2020
Image credit: Stargems

Stargems conducted a historic diamond tender of Angolan goods last week in Surat, India, which proved to be a resounding success despite the Covid-19 pandemic.
Company managing director Bhavesh Javeri told Rough & Polished that they sold 193 lots for just above $17.6 million out of the total 211 lots offered.  
He said 66,212.79 carats were sold at an average price of $266.36 per carat.
“The tender was a big success, over 175 companies viewed the goods and over 125 companies submitted their bids,” said Javeri.
He said this was the first time that they had conducted a diamond tender in Surat due to Covid-19 travel restrictions.
Their tenders are usually held in Dubai.
Stargems last conducted its diamond tender in February, before Dubai was placed on lockdown.

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