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

De Beers expects diamond prices to go up in 2013 - report

19 december 2012

Global diamond mining giant, De Beers is expecting gem prices to re-bounce in 2013 following a 16 percent slump this year as Asian purchases slowed and the euro region debt crisis eroded demand.
Bloomberg quoted group chief executive Philippe Mellier as saying that diamond supply would be constrained next year, adding that this would provide an opportunity for further price growth.
He, however, could not provide figures.
De Beers was expecting an output of about 27 million carats this year, a 14 percent decline from 2011.
It projected the same production figure for next year.
“We are now focusing a lot of our effort to try to see where to mine, when to mine so that we can produce the right diamonds and the right quantity to suit the market,” said Mellier.
“We adapt to the marketplace.”
Meanwhile, the De Beers boss said the diamond market would grow about 3 percent to 4 percent this year compared with growth of 10 percent in 2011.
De Beers forecasts “at least this type of growth” again in 2013, said Mellier.
The U.S. market, he said, would expand 3 percent to 4 percent next year, while China would grow at about 10 percent.
Indian demand would also expand at a “minimum” of 5 percent after a “disappointing” 2012 when demand was flat, he told Bloomberg.

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