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

Higher diamond sales boost Botswana economic growth – report

01 september 2021
Higher diamond sales coupled with the recent rebasing of GDP accounts have seen Botswana revising its economic growth to 9.7% in 2021 from the previous forecast of 8.8% in February.
"The larger than forecast contraction in 2020 is … expected to be offset by an improvement in growth in 2021 which has now been revised upwards to 9.7% growth for the year," Reuters quoted finance minister Peggy Serame as saying. 
Debswana’s rough diamond sales rose 41% in the first half of the year driven by demand from major markets the United States and China.
The company’s rough diamond sales dropped by 30% in 2020 as a result of the COVID-19 pandemic.
Botswana recently revised its real GDP accounts base year to 2016 from 2006 to improve the accuracy of its measurement of economic growth.
As a result of the rebasing, last year’s economic contraction was 8.5% instead of 7.9% initially reported, while nominal GDP is now 4.6% lower at $15.5 billion.

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