How Russkiye Samotsvety is coping with the current downturn

One of the key issues facing most Russian companies today is the need for an objective assessment of the new consumption decline due to the quarantine, as well as making forecasts for a way out of it. According to a RBC-Petersburg’s study made in June...

Today

Global rough diamond sales down 80-90% in value in Q2 –Zimnisky

The COVID-19 pandemic, which is spreading across the globe, having originated from China’s Wuhan has left diamond traders and buyers at sixes and sevens. Traditional diamond tenders were cancelled around March as governments imposed travel restrictions...

27 july 2020

Indian diamond and polishing industry requires forward integration - Dinesh Navadiya

Dinesh Navadiya is now the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India for the 3rd term. He is also the Director on the Board of the Gem & Jewellery Skill Council of India (GJSCI)...

20 july 2020

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

Angola seizes 462 diamonds in Lunda-Norte under ‘Operation Transparency’

14 july 2020
Angola seized 462 diamonds under ‘Operation Transparency’ in the last two months, in Lunda-Norte Province, according to the state media.
Angop news agency reports that of the diamonds seized, 200 (46, 8 carats) were valued at $9 million, while the value of the other 262 stones was yet to be established.
The Angolan police recently seized 4,429 diamonds from a French national in Lucapa.
The French national was arrested on July 5 following several tip-offs of alleged illegal sale and purchasing of diamonds
Operation transparency was launched in December 2018 to combat illegal diamond mining, illegal immigration, administrative infractions, among other things. 
More than 6500 diamonds were seized in 2019 under the operation.
At least 19 vehicles and $275,000 were also confiscated while 147,379 foreign citizens were deported for illegal immigration.
Angola had more than 700 small diamond prospectors prior to the operation, which was carried out in 2018 by the ministry of the interior.  
Only 260 of them were said to have met the requirements to continue prospecting.

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