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

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

Debswana diamond exports eased 30% in 2020

02 february 2021
news_02022021_orapa.png
                                           Orapa Mine                      Image credit: Debswana


Debswana, a joint venture between De Beers and the Botswana government, registered a 30% drop in rough diamond exports in 2020 due to the COVID-19 pandemic, according to Reuters citing statistics released by the Bank of Botswana.
The miner's diamond exports eased to $2.02 billion in 2020 from $3.05 billion the previous year.
Massive quarterly drops of 63% and 66% were recorded in the second and third quarters, respectively.
However, diamond sales recovered in the fourth quarter as rough exports jumped 35% compared to the same period in 2019.
Debswana's output decreased by 28% to 4.3 million carats in the fourth quarter of 2020, due to the planned treatment of lower grade material at Jwaneng, where production decreased by 56%. 
This was partly offset by a 9% increase at Orapa due to a planned improvement in grade, despite a slower than anticipated plant restart in December following scheduled maintenance, as well as power supply interruptions affecting plant availability.
Botswana gets about 30% of its revenues from diamond sales.

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