Diamonds: A cocktail of optimism, pessimism in the midst of Covid-19 pandemic

Rough & Polished’s Mathew Nyaungwa recently attended a webinar organised by CIBJO Communications to examine consumer demand at the time of the Covid-19 pandemic, importance of data, financial models and lab grown diamonds. The webinar, chaired by Edward...

Yesterday

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...

03 august 2020

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

Côte d'Ivoire to resume diamond mining after nearly five-decade hiatus

24 july 2020
Côte d'Ivoire, previously Ivory Coast, is set to resume industrial diamond mining for the first time in 45 years, according to a news report.
Africa Intelligence reports that mining was expected to recommence in November at four concessions in Séguéla.
The diamond operations were said to be owned by Transactysglasol, which has a trading office in Antwerp, Belgium.
Côte d'Ivoire produced 3,989.58 carats valued at $224,941.29 in 2019, according to the latest data released by the Kimberley Process.
The diamonds were valued at $56.38 per carat.
The KP data also show that the West African country exported 3,888.72 carats worth just above $1 million or $260 per carat in 2019.

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