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

Botswana Feb diamond exports bounces back after four-month slump

13 april 2012

Botswana's rough and polished diamond exports reached $306.5 million last February to end a four-month slouch.
Trade data released by the Bank of Botswana showed that diamond exports during the month under review almost tripled compared to $109 million recorded last January.
The southern African country’s diamond exports were also about 90 percent higher in February than the December sales and 65 percent higher than the November figure.
Botswana’s diamond sales eased from a record $1.5 billion during the third quarter of 2011 to just $843 million in the fourth quarter of the same year.
The slump was attributed to poor demand in the key US and the Euro zone markets.
Local media reports that decline in the fourth quarter of 2011 saw Botswana’s Gross Domestic Product (GDP) down at 5.8 percent quarter on quarter in the fourth quarter of 2011.
There had also been fear of a possible recession in 2012, stemming from a slowdown in the country’s mining sector.
Botswana had every reason to be optimistic about its economic fortunes this year given that  global rough diamond prices were also expected to be on an upward trajectory this year, buoyed by strong demand from China and India.

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