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.
Yesterday
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.
Yesterday
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.
Yesterday
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.
Yesterday
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.
Yesterday
Zim says high diamond exploration fees not going anywhere
02 april 2012
Perhaps, guided by the strong appetite and need to benefit from the diamond deposits, Zimbabwe recently increased its exploration fees by astronomical rates, something that raised the ire of potential investors, especially locals. The country’s deputy Mines Minister Gift Chimanikare - who gave an interview to our African Bureau Editor-In-Chief Mathew Nyaungwa who was in Zimbabwe recently - said the new diamond exploration fees were here to stay.
Bumi Traub: "There is a hope this year will be a decent one"
26 march 2012
Last November, Abraham (Bumi) Traub was elected President of the Israel Diamond Manufacturers Association (IsDMA), founded in 1940 and representing the interests of all Israeli diamond manufacturers. He succeeded Moti Ganz, who led the association for the last seven years. This will be his second term in office, which he had already served in 1989-94.
Michael Pinn: Bridal section will remain strong, people are still going to get married and buy diamonds
19 march 2012
Abacus Jewelers has been engaged in diamond and gold jewelry wholesale trade for over 12 years. The company introduced a new brand of exquisitely handcrafted fine jewelry - the BeverleyK Collection, successfully survived the recession and found its niche in a highly competitive environment. The company's partner Michael Pinn told Rough& Polished about Abacus Jewelers and shared his view on the current condition of the jewelry industry in the United States.
BHP Billiton: Many years of extensive exploration suggest there are few options to develop new diamond mines
11 march 2012
In view of BHP Billiton’s intent to withdraw from the diamond mining industry Rough&Polished asked its London office to explain the reasons for such a decision. Ruban Yogarajah, the company’s spokesman answered our questions.
Antwerp does not expect serious corrections in rough prices and believes competition is good for everyone
05 march 2012
Ari Epstein, CEO of Antwerp World Diamond Centre (AWDC), and Nishit Parikh, President of AWDC shared their views of the current situation in the diamond market with Rough&Polished.
Firestone says shortfall in supply to drive growth in rough diamond sales
27 february 2012
Firestone Diamonds is optimistic that 2012 will continue to register growth in rough diamond prices driven by a shortfall in supply. Although the group management technical assistant Boikanyo Kgosi could not reveal the sales figures the company obtained from its January tender she told Rough & Polished that they had registered an increase in prices for the “higher quality” stones.
Industrial-use diamonds are the future of the diamond industry
20 february 2012
Nevsky Brilliant has been engaged in making polished diamonds of all categories for more than three years and mostly established itself as a manufacturer of large stones, second only to the largest diamond cutting company in Russia, Smolensk-based Krystal. The company’s international team of professional diamond cutters and manufacturing engineers made it possible to turn Nevsky Brilliant into a pace-setting leader in the Western Region of Russia not only in diamond manufacturing, but also in terms of turnover by value. Aneli Irakli, CEO of Nevsky Brilliant, told our correspondent about his company.
Antwerp’s Governor Cathy Berx: It is really like a win-win if governments, as well as the sector and the broader community just collaborate, work together, have good cross pollination to make sure that that aim is obtained
13 february 2012
A strategic long-term plan paving way for further development of Belgium's diamond industry was unveiled recently by Governor Cathy Berx during the ceremony to inaugurate the Diamond Pavilion at the Museum aan de Stroom (MAS). Our correspondent in Belgium caught up with Ms. Berx to hear her comments on the event.
Indian and Belgian buyers displayed keen interest in Yakut diamonds at JUNWEX Petersburg 2012
08 february 2012
The JUNWEX Petersburg 2012 jewelry show closed in St. Petersburg with many participants saying that the event produced better results this year compared to 2011. Rough&Polished asked Olga Mironova, who is heading the administration of the exhibition and media holding Restek JUNWEX, to comment on the outcome of this show.
Thierry Polakiewicz: I believe that there will always be a strong demand for polished diamonds
06 february 2012
The three-day Antwerp Diamond Trade Fair (ADTF) organized by the Antwerp Diamond Bourse and the Diamond Club of Antwerp came to a successful finish on January 31 generating new business contacts both for local exhibitors and buyers from the United States, Europe, the Middle East and Asia. Thierry Polakiewicz, spokesman of the ADTF Organizers Committee, shared his view of the event with Rough&Polished.
