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

Angola considers buying own diamonds to counter crisis

13 february 2009

Angola says it is contemplating buying diamonds from firms operating in the country to help them overcome an acute drop in market prices.
"The purchase of diamonds by the state is a measure that is being considered to help companies in the sector weather this crisis," state-run diamond firm, Endiama spokesperson, Sebastiao Panzo told Reuters."But everything is still being debated by the government." 
Endiama holds a monopoly over diamond exploration and distribution in the southern African country, which means that companies that would want to explore for diamonds in the country would have to partner with the state-owned company.
Despite the drop in demand for diamonds, Angola's diamond production was expected to increase by about 10 percent to 10.5 million carats this year, compared with the previous year.
Demand for rough diamonds took a nose dive in recent months and analysts have warned that it will drop by 60 percent this year as the global recession hits demand for luxury goods in vital markets such as the United States and Europe.

Mathew Nyaungwa, Rough&Polished from Angola