Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Namibia diamond mining to recover in 2021 – central bank

25 august 2020
Namibia’s diamond mining sector is projected to register a “solid” recovery in 2021, according to the country’s central bank.
The Bank of Namibia said the diamond mining sector is forecasted to record growth rates of 5.4% and 14.1% in 2021 and 2022, respectively.
The central bank said the sector is now expected to record a decline of 24.6% in real terms during 2020.
The Bank of Namibia had last April said that the diamond mining sector is forecasted to decline by 14.9% in real terms during 2020, a downward revision from a growth of 5.3% projected last February.  
“Diamonds are considered to be a luxury item, and consumers are expected to shift their focus away from products of this nature as future income remains uncertain,” the central bank said in its August economic outlook.
“Furthermore, travel restrictions, lockdowns and prevention of large gatherings of people have resulted in prospective buyers being unable to attend auctions to view and purchase diamonds.”
The Bank of Namibia said global demand for diamonds had dropped during the first half of 2020, and mines were forced to scale down on production.
De Beers, which mines the bulk of Namibia’s diamonds through Namdeb, recorded a production increase of 7% to 400 000 carats in the second quarter of the year in the southern African country. 
Namibia produced just above 2 million carats in 2019, according to the Kimberley Process.

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