News
Tharisa meets FY2026 guidance, Karo Platinum fully funded as net debt swings to $51m
Tharisa has reported full-year production in line with guidance for both platinum group metals (PGMs) and chrome concentrates, while confirming its Karo Platinum project in Zimbabwe is now fully funded following a $300 million bond issue.
Today
Israel’s diamond sector poised for revival following tax reforms and De Beers comeback
De Beers, one of the world's major diamond market players, has announced the resumption of its operations in Israel after a nine-year absence, which became the latest sign of revival of the diamond industry in the country.
Today
Kefi Gold and Copper restarts Tulu Kapi development after safety review
Kefi Gold and Copper has resumed development at its Tulu Kapi gold project in Ethiopia following a suspension that began on September 7 after a serious safety incident three days earlier.
Today
Nornickel implements smart melt monitoring system
Norilsk Nickel has installed a smart melt monitoring system at its metallurgical plant in Norilsk in collaboration with Reksoft. The system uses computer vision to assist the converter operator in identifying phases during the tapping process.
Today
ALROSA to help amplify Arctic agenda at UN
In preparation for the 31st UN Climate Change Conference (COP31), ALROSA experts and other stakeholders from Russia discussed a unified approach to strengthening the country’s position and the Arctic agenda at UN climate conferences.
Today
Now that prices have begun to climb once again it is important not to return to the situation that existed before - Gaetano Cavalieri
24 october 2016
The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation members are national jewelry associations from more than 40 countries, including Russia. In 2006, the CIBJO was the only organization granted the official status of a consultant to the UN Economic and Social Council on the development of the global jewelry industry. Gaetano Cavalieri, President of CIBJO, has kindly agreed to give this interview to Rough&Polished and to talk about his vision of the situation in the diamond industry.
The period of volatility and gradual adjustment will continue in the immediate future - Vipul Shah
17 october 2016
Vipul Shah, an ace businessman and visionary, has been instrumental in establishing the Asian Star Group’s global network. Under his guidance, Asian Star, a company solely into diamond manufacturing, ‘metamorphosed’ into a value added, vertically integrated supply partner. Today, he heads Asian Star Co. Ltd, a market leader in the Indian gem and jewellery industry. Vipul Shah, a former Chairman of the Gem & Jewellery Export Promotion Council of India (GJEPC), had also earlier served as the Convener of BITC (Banking, Insurance & Taxation) Committee of GJEPC. In an interview with Rough & Polished, Vipul Shah provides insights into the recently concluded Hong Kong Fair, the present status of the Indian industry and more…
Young diamantaires aim to take diamond industry forward
10 october 2016
It started out as an informal meeting of diamantaires attending the 37th World Diamond Congress in Dubai last May, but quickly took off. The World Federation of Diamond Bourses' (WFDB) Young Diamantaires group held its inaugural meeting in Hong Kong during the Gems and Jewellery Fair in September, and is now planning ambitious new steps. WFDB President Ernie Blom explains the reasoning behind the establishment of the new group and its importance for the future of the diamond trade.
Dorothée Gizenga: ‘Blood diamonds’ are no longer the real problem
03 october 2016
Dorothée Gizenga, head of the Diamond Development Initiative (DDI), the organization dealing with the traditional diamond mining, in her interview to Rough&Polished told about the challenges facing DDI and the programs it is implementing.
We estimate gold demand for 2016 to be in the range of 750 to 850 tonnes – Somasundaram, MD, WGC-India
26 september 2016
Somasundaram PR joined the World Gold Council in January 2013, as Managing Director, India. Based in Mumbai, Som is responsible for leading the World Gold Council's activities across the Indian gold market. A qualified Chartered Accountant, Som has over 27 years' experience across diverse industries including the FMCG and banking sectors. Prior to joining the World Gold Council, Som was the Chief Executive Officer of Lakshmi Vilas Bank, a private sector bank. Prior to that, he was part of Standard Chartered Bank in India for over eight years in various senior roles before taking on the role of Managing Director of Standard Chartered – STCI Capital Markets, the securities arm of Standard Chartered Bank. Earlier, Som had spent over 13 years with Hindustan Unilever (HUL) in a variety of roles, as well as working at Tata Consultancy Services. Speaking to ROUGH&POLISHED, Som not only throws light on numerous aspects of the gold sector in India, but also draws a crystal clear picture of what the future holds for this very crucial market.
Actions undertaken by ALROSA are intended to support true diamond manufacturers
19 september 2016
Recently, the EPL Alliance and Diamond and Jewelry Manufacturers Guild of the Republic of Sakha (Yakutia) backed ALROSA in the press, welcoming its position in support of Russia’s diamond-cutting businesses in view of the abolition of the 6.5% export duty on diamonds. Tatiana Kyrbasova, Executive Director of the Diamond and Jewelry Manufacturers Guild of the Republic of Sakha (Yakutia) and Member of the EPL Alliance, has agreed to comment on the position of the Guild and EPL Alliance and answered the questions from Rough & Polished.
“Jewellery customers are totally fascinated with the ‘design’, rather than seeing jewellery as investment” says Ashish Sand, Founder & Partner of Savio Jewellery
05 september 2016
Though armed with a Master’s degree in Commerce; a Bachelors in Business Administration from Bradford University; and a diploma in Information Technology, it was jewellery business that was Ashish Sand’s calling… Today, as the founder and partner of Savio Jewellery, Jaipur, Ashish runs the company, albeit with the family backing in all fronts. Coming from a business family, which has been dealing in coloured stone for the past 50 years, it was a natural transition for Ashish to get into jewellery business. In an Interview with Rough&Polished, unable to hide his pride that Savio Jewellery is a Guinness Book Record holder, Ashish talks about his company and plans for the future.
Mozambique eyes commercial diamond mining
29 august 2016
Mozambique confirmed last month the discovery of diamonds in the Massangena district of the Gaza province. The country had been working, with the help of Angola, towards the certification of its diamond mining by the Kimberley Process. The certification would allow Mozambique export its diamonds. A committee from the diamond watchdog visited the southern African country last month to review progress in meeting its requirements. More than 30 companies were licenced to explore for diamonds in the country not only in the Massangena district, but also in the in Niassa Province. Rough & Polished’s Mathew Nyaungwa spoke to a Mozambican mines official Ordelio Desousa on the prospects of diamond mining in the country among other issues and below are the excerpts of the interview.
Diamond should always be the real thing - Ali Pastorini
22 august 2016
Ali Pastorini, Senior Vice-President of the World Jewelry Hub in Panama City and owner/partner of DEL LIMA JEWERLY in an interview to Rough & Polished talked about the trends of the jewelry market in Latin America, the preferences of its consumers and the role of women in the regional jewelry business.
We are in a seasonally quieter period for demand – De Beers
15 august 2016
De Beers’ rough diamond production dropped 15 percent to 13.3 million carats during the first half of 2016 compared to 15.6 million carats, a year earlier, reflecting the decision to reduce production in response to prevailing trading conditions in the second half of 2015. The diamond giant’s profit increased 2 percent to $585 million during the first half from $576 million, a year earlier as a result of higher revenues from “stronger” rough diamond demand, tight operating cost control and favourable exchange rates. Its total revenue was up 8 percent to $3.3 billion during the period under review from $3 billion, a year earlier, mainly driven by higher rough diamond sales, which increased by 11 percent to $3.1 billion. Given this stable performance, group head of media relations Lynette Gould told Rough & Polished in an exclusive interview that rough diamond demand normalised in 2016 and performance to date had been in line with their expectations.
