Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

Yesterday

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 2018

Chasing a dream…

Elina Chan, MD of Shenzhen Shi Qing Yu Zhubao Ltd completed her higher education from Xiamen University and Master’s degree from Hong Kong University. To achieve her dream to start a business, Elina gave up numerous job opportunities in Hong Kong and...

06 august 2018

Pangolin Diamonds using termites to find kimberlite indicators in Botswana

It is not a secret that the rate of kimberlite discovery in Botswana has dropped considerably and research has shown that termites can help diamond explorers have an understanding of the transport mechanism of kimberlite indicator minerals from the kimberlite...

30 july 2018

In another fifty years, we’ll have a different scale of valuation, and all those items of natural origin – including diamonds – will sharply increase in price

Within the framework of the Qatar-Russia 2018 Year of Culture, the World Diamond Museum hosts an exhibition of the Qatar Museums at the State Historical Museum in Moscow – "Pearls: Treasures of the Seas and the Rivers," that opened on 11 July...

24 july 2018

Global diamond output to reach 172 mln ct in 2018

20 august 2014

Equity Communications said global diamond output is expected to reach 171.840 million carats in 2018.
It said in a report titled, “The Global Diamond Business 2014” seen by Rough & Polished that diamond producers recovered 130.935 million carats last year, an increase of 2.4 percent from 2012.
Diamond production was projected to rise by 6.7 percent this year led by recovery in DRC and new production from the Grib mine in Russia, said Equity.
“Diamond mining has entered a period of rising output, with the top four diamond mining companies having recovered more diamonds in 2013 compared to 2012,” reads part of the report.
“Cumulative annual growth in diamond production should continue for the remainder of this decade.”
Equity said diamond producers were expected to spend up to $15 billion on new mines and expansions of existing mines in the 10 years to 2018.
“If all projects go according to plan (Zimbabwe included), annual production capacity will likely increase to plus 180 million carats around 2018-2019,” it said.
Meanwhile, Equity said diamond producer sold rough diamonds for $16.772 billion in 2013, an increase of 9.8 percent from 2012.
Diamond producers, it said, would likely have a “bumper” 2014 because of increased production and firmer rough diamond prices.
“Rough diamond prices are generally stronger as we get closer to supply contract renewals by major diamond producers,” said Equity.
“Nevertheless, total sales of rough diamonds will increase by a lower 6.3 percent to reach $17.825 billion in 2014. It is unlikely that Angola will repeat massive stockpile sales in 2014.”

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