India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...


“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

18 march 2019

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Richland revenues down due to illegal tanzanite mining

02 october 2012

Gemstone producer and developer, Richland Resources (formerly TanzaniteOne) said its revenues for the first half of the year 2012 fell 19 percent to $8.4 million compared to $10.4 million in the previous corresponding period.
It said in a statement that the EBITDA for the period under review was $0.1 million, a huge decline when compared to $3.4 million in the previous corresponding period.
“The result for the period was heavily affected by reduced sales volume and quality mix, a direct result of loss of production optimisation due to increased illegal underground mining activities, and increased mining cost,” it said.
Meanwhile, production for the half year was 1.21 million carats, down 3 percent compared to the H1 2011.
It said the carats recovered were achieved with a 24 percent decrease in tonnes processed to 18,170 metric tonnes.
Company chief executive Bernard Olivier said Richland was working extremely hard to resolve the issues in Tanzania.
"The company is working with the Zonal Mines Office (part of the Tanzanian Ministry of Energy and Minerals), police and other government officials in an effort to counteract the illegal underground mining into its licenced areas and several police cases have been filed," he said.

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