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

De Beers Namdeb Asks Workers to Volunteer to Quit

11 january 2009

Namdeb, a diamond-mining venture between De Beers and the government of Namibia, has sent letters seeking volunteers prepared to quit as it seeks to cut costs after reducing production, Bloomberg reported. 
The company, which produces some of the world’s best-grade diamonds from offshore deposits, said last month it would keep its mining ships in port from mid-December until early 2009 and would cut an unspecified number of jobs. Namdeb may cut 800 jobs and its De Beers Marine associate company may reduce its workforce by 230, the Namibian newspaper said today without saying where it got the information.
“Namdeb has invited employees to volunteer for voluntary separation,” Johannesburg-based De Beers said in an e-mailed response to questions sent to its London office today. “Clearly a reduction in production correlates to a reduction in staff numbers,” the company said, adding that it can’t give the number of affected employees yet.
Namdeb employs more than 3,000 people, according to the company’s annual report, and diamonds, along with fish and tourism, account for the bulk of Namibia’s export income. Diamond prices fell 8.5 percent last year, the first annual decline since 2003, according to the PolishedPrices.com Diamond Prices Overall Index.
The worst global economic crisis since the Great Depression of the 1930s is slashing demand for commodities from diamonds to copper, causing mine closures and halting expansion projects. Anglo American Plc, which owns 45 percent of De Beers, has more than halved its planned capital expenditure for this year.
The rest of De Beers, the world’s biggest diamond producer, is owned by the Oppenheimer family and the government of Botswana.