“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

Global rough diamond output increased to 131.5m ct in 2014 – research firm

22 may 2015
Market Research said that the global rough diamond production was 131.5 million carats last year, marginally up from 130.5 million carats in 2013.
It said in a summary of its report, “Global Diamond Mining to 2020”, that the market for rough diamond production centered around the top eight producing countries - Russia, Botswana, the Democratic Republic of the Congo (DRC), Australia, Canada, Zimbabwe, Angola and South Africa which collectively accounted for 97 percent of global production.
Global diamond output was expected to hit 135 million this year, according to independent industry analyst Paul Zimnisky.
No breakdown was provided in the summary, but Russia had been the leading diamond producer in terms of volume, while Botswana led in value terms.
The report summary further noted that ALROSA, De Beers SA, Rio Tinto Plc, Dominion Diamond Corporation and Petra Diamonds were the world’s largest diamond mining companies, collectively accounting for 70 percent of global production.
The world’s largest kimberlite reserves were found in Botswana’s Orapa region and in South Africa, while alluvial deposits are found mainly on the Atlantic coasts of South Africa and Namibia, it said.
Global diamond reserves were said to be 730 million carats as of January 2015, with Australia, Botswana and the DRC collectively accounting for 72 percent of the total.
The report claimed that the accessibility of diamond deposits and the depth of occurrence were increasing challenges to the expansion of global diamond mining operations, with projects becoming more capital intensive, necessitating substantial investments, especially in technology.

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