Silver and diamonds - the "daily bread" of jeweler

GRINGOR is a St. Petersburg-based modern jewellery manufacturing company established in 2002. It successfully develops and implements the innovations, many of which resonate with the Russians and the people abroad. In 2012, GRINGOR was awarded the honorary...

Yesterday

Willie Nagel, a gentleman, who would have the strength and stamina to deal with business leaders and politicians, passes away

By Alex Popov

Willie Nagel passed away on July 14th. Friday he was buried in Israel. I was flying from New York with a stopover in London when it happened. Being unable to be there and express my feelings to Adam and Toni, I would like to...

20 july 2021

Diamond industry's reaction to KP impasse

The Kimberley Process Civil Society Coalition (CSC) recently said that it is planning to approach the United Nations (UN) over the impasse on the redefinition of conflict diamonds and the principles of responsible sourcing. The CSC representative...

19 july 2021

Natural and LGDs are two segments of the industry that will have to learn to coexist together

Having now completed half a decade in the diamond jewelry exporting and wholesaling industry, Anmol Bhansali received formal training on Diamonds from GIA in addition to a lengthy training in jewelry wholesaling from the factories at Goldiam. He has...

12 july 2021

L'ÉCOLE Van Cleef & Arpels: our mission is to share the jewelry culture with as many people as possible

France has gradually begun to lift quarantine restrictions on places of cultural recreation, including museums starting from May 19, 2021. The world-renowned L'ÉCOLE, School of Jewelry Arts (L'ECOLE des Arts Joailliers) Van Cleef & Arpels...

05 july 2021

ZCDC produces over 756 000ct in H1, realises $26mln in profit

21 july 2021
The Zimbabwe Consolidated Diamond Company (ZCDC) produced 756 518 carats in the first half of 2021 against a target of about 1,2 million carats, according to the state-owned media.
The Herald newspaper reports that the company missed its half-year production target of 1.2 million carats, but it was helped by better than expected prices.
It sold its diamonds at an average price of $85,6 per carat compared to $68,3 per carat it had projected for the period.
ZCDC’s diamond sales in the six months raked in $64.7 million while its expenses and costs were just over $38.4 million.
This saw ZCDC recording a profit of $26.35 million during the period under review.
The company was targeting a profit of $62.1 million and output of just above 3 million carats this year.

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