“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

Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

Analyst Breaks Down Global Diamond Supply Ownership

27 august 2014

A New York City diamond industry analyst has published a report which quantifies the market share of each of the top 15 diamond miners, Mining.com reports cited by Israelidiamond.co.il. In a report entitled "Analyzing Trends in the Global Diamond Industry" published online, Paul Zimnisky analyzes the power relationships that have evolved in the diamond industry in recent decades.
According to Zimnisky, De Beers has ceded its once-omnipotent position in the diamond trade, dropping to the number two spot, with 20.2% of the global diamond supply. It has been surpassed by Alrosa, who he says controls 27.4% of the global diamond supply. However, De Beers also controls the sale of diamonds by the #3, #8 and #12 firms on the list through its Diamond Trading Company, giving it de facto control over 35% of the global supply.
Three governments of contiguous southern African nations – those of Botswana, Angola and Namibia – hold the number three, number six and number eight spots on the list, with 10.6%, 6.3% and 3.1% of the global supply, respectively. Zimbabwe's Marange fields sit in the number nine spot with 2.5% of the global supply and the Government of Lesotho took thirteenth place with 0.8% of the global supply.
Five dedicated diamond companies – Dominion Diamonds, Petra Diamonds, Gem Diamonds, Lucara Diamonds and Trans Hex – were found to occupy the #4, #7, #10, #11 and #14 rungs on the list, respectively, with 7.2%, 3.2%, 1.7%, 1.1% and 0.6% of the global supply. The remaining three positions in the top 15 are taken by a diversified miner, Rio Tinto, at #5 with 6.7%, an investment firm, Ponahalo, at #12 with 1.1%, and an oil company, Lukoil, at #15 with 0.5%.