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

Debswana might boost diamond output if current recovery continues

12 may 2012

Debswana will likely increase output from the 22.9 million carats produced in 2011 to 24 million carats or more if the recovery in the international diamond market experienced in the first quarter of the year continue throughout the year, an analyst say.  
Economist Dr Keith Jefferis was quoted by Mmegi as saying that the opening of Lucara’s Karowe diamond mine should also boost output this year while another improvement was expected early next year as Gem Diamond had completed the construction of its Ghagoo mine.
The mining slowdown in the fourth quarter was largely attributed to, among other factors, the curtail in diamond production by Debswana in the second half of the year as sales slumped by over 60 percent in the last six months of the year.
Meanwhile, Jefferis said that Botswana's economic growth will this year be healthy but not “spectacular” as non-mining contribution was likely to slow down after a robust growth in the past two years.
"This growth rate will be driven by an improved growth rate in mining, while growth in the non-mining private sector is likely to slow down,” he was quoted as saying.
“In particular, the large growth impetus that has come from the construction sector will fall away as large construction projects such as the Morupule B power station and Jwaneng Cut 8 wind down.”
He said there was likely to be little or no growth in the output of the government sector, given spending restraint.

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