Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...


GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

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

‘Debswana could produce just under 20 million carats this year’

14 october 2020
Image credit: Debswana (Facebook)

Debswana, a 50/50 joint venture between De Beers and the Botswana government, is expected to produce ‘just under’ 20 million carats this year as positive signals are emerging for the local diamond sector, according to media reports citing Statistics Botswana.
“We are expecting at Debswana just under 20 million carats this year, as they have revised their estimates,” BusinessWeek quoted Statistics Botswana senior statistician, Lekoko Simako, as saying.
“Diamonds don’t sell themselves and demand must be sustained through marketing. De Beers has increased these marketing activities.”
“Goods were sent for viewing to their auction arm in Singapore, which allowed De Beers to continue selling into the pockets of demand outside.”
Debswana produced 23.3 million carats last year against a target of 24 million.
The miner’s lowest out in the last five years was 20.3 million carats realized in 2015, while its peak of 24.1 million carats was recorded in 2018.
There had been fears that Debswana’s output would plummet to record low levels due to the COVID-19 pandemic.
De Beers, which gets the bulk of its diamonds from Debswana, had lowered its production target this year by 7 million carats to 27 million carats.
Natural Diamond Council chief executive David Kellie recently said that the diamond industry had been recording positive results in the past three to four months.

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