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...


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 produces 6.5 M Cts in the first 10 months of 2021

25 november 2021
Angola produced 6.5 million carats of rough diamonds in the first 10 months of the year, according to the country’s mineral resources minister.
Minister Diamantino Azevedo told the inaugural Angola International Diamond Conference (AIDC) at the Saurimo Diamond Development Hub in the eastern Lunda Sul Province that this was a 72% growth when compared to the same period last year.


Angola produced about 8 million carats last year from 9.4 million carats in 2019.
The country’s diamond output target for 2021 was previously set at 9.3 million carats, but Azevedo said they are projecting an output of 9.1 million carats.
Meanwhile, the mineral resources minister said Angola had made great strides to improve transparency in the diamond sector.
He told the diamond conference that the liberalization of diamond sales will help boost revenue, which will, in turn, boost Angola’s economic development.
“We intend to [further] improve the [diamond] selling policy,” the minister said while speaking in Portuguese.  

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