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

Endiama says diamond sector "slowly recovering"

30 april 2009

Angola's diamond sector is slowly recovering but diamond prices still need to rise by around 15% this year to enable companies reinvest in it, the head of state-owned diamond company Endiama said on Wednesday, Polished Prices reported citing Reuters.
Manuel Calado said the price of Angolan gems fell by around 70% in 2008 because of the global economic downturn and what he called "negative speculation" from dealers but added prices were on an upward trend since the start of the year.
"I am not saying that we are satisfied with the current price. What I'm saying is that prices have recovered since falling sharply in October and November," Calado said in an interview with Reuters.
Asked how much price recovery was needed to enable companies to start reinvesting in the sector, he replied: "I think prices still need to rise around 15%."
Diamonds have been among Angola's worst affected exports - along with crude oil -- due to a global collapse in demand for gems and luxury items.
The drop in prices prompted BHP Billiton, the world's biggest miner, to abandon its exploration projects in Angola last year.
However, Calado said he expected Angola's diamond production to remain at around 10 million carats in 2009, the same as in 2008.
To prevent other diamond firms from leaving the southwestern African nation the Angolan government recently said it would buy diamonds from local producers at a fair price if these firms failed to sell them in the market.
The move, according to Calado, helped fight negative speculation from diamond dealers who were trying to buy gems from struggling local producers at unusually low prices.
"They stopped making such low bids for gems because they knew that the government would buy diamonds from producers at a fair price if they failed to sell them," said Calado.
The slight price recovery in diamond prices was already producing some positive results in terms of investment in the sector. The country has around 14 active diamond mines and 100 mines open for new investors, he said.
"Diamond companies are slowly reinvesting in the sector," said Calado, without providing details.