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 July sight rakes in $775 mln - report

24 july 2014

The De Beers July sight is said to have raked in about $775 million as the group reportedly raised prices on most goods by 1 percent to 2 percent with significant increases in the prices of smaller and lower quality diamonds.
Rapaport reports that some sightholders viewed the price increases as fair despite the inactive polished market.
“I would say the mood was appropriately subdued, not particularly buoyant but not too bad either,” an unnamed Israel-based sightholder was quoted as saying.
“Some of the small, sawable goods received a lot of attention.”
Demand for rough was said to be strong since the July sight was regarded by many as the last chance to buy rough that can be polished in time for the important gift-giving holidays of Diwali and Christmas.
“They need about six weeks to manufacture the goods, and time to get them graded before Diwali, after which many workers go on vacation,”  Rapaport quoted an unnamed India-based sightholder as saying.
“So we need to buy rough now and during the next sight to have orders ready for our customers in October for the Diwali and Christmas season.”
Meanwhile, De Beers head of midstream communications David Johnson said that pre-sight requests for ex-plan goods were fulfilled wherever possible.
He said demand was strong across the board at the sight, partly driven by anticipated improvement in consumer demand in the Indian market.
Rapaport also quoted an unnamed ALROSA spokesperson as saying that the Russian miner had also observed steady demand for all categories of rough this month.

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