Most people see great potential in the growth of LGD jewelry market

Currently Wayne Wang-Wang Yichun is the General Manager, LUSANT - Incubation Project Management Department of Yuyuan Jewelry Co., Ltd. He was the General Manager of Shanghai Yuyuan Jewelry Co., Ltd - A Fosun Group Company; and General Manager of international...

20 june 2022

De Beers sees good potential for exploration activities in Angola

De Beers recently signed two mining investment contracts (MICs) with the Angolan government for licence areas in the provinces of Lunda Norte and Lunda Sul. The MICs for the two licence areas are for the award and exercise of mineral rights covering...

13 june 2022

Ali Pastorini: The jewelry consumer does not evaluate the brand only by price

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...

06 june 2022

“We aim to bring in a different kind of a jewellery experience for the consumers,” says Vaishali Banerjee, Managing Director, PGI-India

Vaishali Banerjee made a shift from the advertising and marketing industry to the jewellery industry to create category awareness for a metal that was lesser-known in the subcontinent. Initially, it was all about category creation in a vibrant, mature...

30 may 2022

Demand for large lab-grown polished diamonds will grow in high-income countries

Anastasia Shramko is an expert in precious stones, rough and polished diamond market, and an analyst. She is an author of the course “Lab-Grown Diamonds: Gemology and the Market” conducted on the site and in collaboration with the GemAcademia (International...

23 may 2022

Angola increases its stake in Catoca to 59%

22 june 2022
The Attorney General of Angola, having blocked the participation in Catoca of LLI International (a division of China Sonangol), transferred control of its 18-percent share to the governmental Institute of Asset Management and State Equity (Instituto de Gestão de Activos e Participações do Estado, IGAPE), which brought Angola's share in Catoca to 59%, said in a report.
The other major stakeholders in Catoca are Russia’s ALROSA and Angola’s state-owned Endiama.
According to the report, China Sonangol was established almost twenty years ago as a joint venture between the Queensway group of companies centered on Chinese tycoon Sam Pa and Angolan state oil company Sonangol. In 2015, Sam Pa was detained in Beijing in a corruption case that China Sonangol said in an interview with the Financial Times is currently being litigated.