Lucapa boosts Angola kimberlite exploration with establishment of standalone bulk kimberlite sampling plant

Lucapa Diamond and its Angolan partners are making great strides to improve the Lulo kimberlite exploration programme. Company chief executive and managing director Stephen Wetherall told Rough & Polished’s Mathew Nyaungwa on the sidelines of the Mining...

27 march 2023

“In the jewellery art, we express our feelings, emotions and share them with others”

Over 30 years, the MOISEIKIN company based in the Ural area has become a famous jewellery brand. The jewellery and souvenirs of this jewellery house made of precious and semi- precious stones and metals are displayed at museums and in private collections...

20 march 2023

Automatic double upgrade of diamonds is not only a questionable practice but could be systemic fraud – Meeus

HRD Antwerp is under investigation by Belgian authorities following allegations that for every Gemological Institute of America (GIA) stone, which entered their lab for certification an automatic upgrade would be given two colours up and one...

13 march 2023

"At House of Ashish Vijay, diamonds and coloured gemstones will only ever mean stones that carry a storied legacy"

Ashish Vijay, a Dubai-based investor, philanthropist, entrepreneur and businessman with decades of experience in the precious gemstone and luxury jewellery industry, finance and investments sectors, set up his business in Dubai in the year 2013. As the...

06 march 2023

KP should remodel its enforcement, accountability mechanisms if it wants to remain relevant - Fula-Ngenge

The African Diamond Council (ADC) is calling on the Kimberley Process (KP) to remodel its enforcement and accountability mechanisms if it wants to remain relevant and effective. ADC chairperson M’zée Fula-Ngenge told Rough&Polished’s...

27 february 2023

Namdia purchases more diamonds from De Beers

16 march 2023
Namibia’s state-owned diamond trading company, Namib Desert Diamonds (Namdia) increased the purchase of rough diamonds from De Beers’ 50%-owned Namdeb by 53% year-on-year to 222 978 carats during the 2021/2022 financial period.
The Namibian reports that the buying average carat price was $536,55, compared to the previous year’s selling average carat price of US$574,21.
The data was presented during a visit of the country’s Prime Minister Sarah Kuugongelwa-Amadhila to Namdia.
She said Namibia should add value to its diamonds than rely on the prices of rough diamonds in the global market.
“We have countries that actually do not produce diamonds, but they are wealthy countries because they are able to buy our resources in raw form for next to nothing and process them there, creating jobs and income for their countries,” said Kuugongelwa-Amadhila.
Namdia was set up following an agreement between the government and De Beers in 2016, which stipulated that Namdeb would channel 15% of its annual diamond production to Namdia.

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