The indelicate balance of ethics against profit

I am slightly pained to write this blog, as over the years I've made many close friends and contacts in Switzerland, not to mention worked very closely with several Swiss-based companies as part of our recently launched DMCC Crypto Centre, including...

Today

Yakut diamonds, the symphony of permafrost

The Yakutia-based Kierge company, one of the Top 100 of the leading jewellery brands in Russia, opened its showroom in Moscow this autumn, which is gaining popularity in the capital of Russia. “Kierge” is the Yakut for a “finery, decoration” in a broad...

22 november 2021

Vladislav Zhdanov - “The use of diamonds in high technologies is the main and key target of the diamond synthesis technologies”

Vladislav Zhdanov, Professor at the Higher School of Economics, Advisor to Director General - Chairman of the Management Board of the Russian Railways company, and former Vice President of ALROSA (2015-2018). He is a physicist by background...

15 november 2021

Ali Pastorini: The white diamond is the equivalent of a white shirt for a woman

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association that brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

08 november 2021

“As a purist and old school diamantaire, I don't believe in LGD,” says Vin Lee, CEO Grand Metropolitan

Vin Lee, the King of Luxury, doesn’t need any introduction. He is a self-made billionaire CEO of Grand Metropolitan. The Beverly Hills' family office Grand Metropolitan is $7 billion AUM privately-held luxury goods holding company with a 60-brand...

01 november 2021

Angola earns over $5mln from semi-industrial diamonds in two years

27 october 2021
Angola raked in about $5.1 million revenue from semi-industrial diamonds between March 2019 and September 2021, according to media reports.
Xinhua news agency quoted Endiama executive administrator Ana Feijo as saying that 34,855.53 carats were produced and sold at an average price of between $88 and 131.18 per carat.
The Endiama official, who was addressing an assessment meeting on the semi-industrial mining activities in the southern African country, said that semi-industrial mining made it possible to employ more than 4,600 workers from more than 1,000 workers recorded in 2019.
Angola is planning to produce an annual output of 14 million carats of industrial diamonds per year.
The country produced about 8 million carats of industrial diamonds last year from 9.4 million carats in 2019.

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