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
Shanghai Diamond Exchange: Diamond trade in 2011 went up by 60%, but in 2012 could decline by 40%
30 january 2012
Caroline Yuan, Vice President of the Shanghai Diamond Exchange, has kindly given this interview to Rough&Polished disclosing how much trade was done in 2011, giving a forecast for 2012 and describing the inner workings of the exchange.
Hard Stone Processing: The backbone of the industry should be the manufacturers
23 january 2012
In July 2007, the Namibian arm of Diamond Trading Company announced competitive selection among the country’s diamond cutting factories to be included into the first list of NDTC sightholders. At that time, Hard Stone Processing (Pty) Ltd (HSP) was already working in Namibia as an independent manufacturer and its factory successfully occupied a strong position among the leading sightholders turning into one of the three top diamond cutting companies in Namibia. Its CEO Burhan Seber gave this interview to Rough&Polished.
Botswana’s Debswana says not in trouble
16 january 2012
Botswana diamond miner, Debswana recently said that the temporary dip in diamond prices will likely see the company producing just below its target of 25 million carats for 2011. However, Esther Kanaimba-Senai, the Group’s Manager for Corporate and Public Affairs, told Rough&Polished in an interview that Debswana was not in trouble.
Malca-Amit: delivery within a few hours when needed
10 january 2012
Malca-Amit is a full service courier company with a 21 year record of providing the highest quality personalised service and the most efficient logistic solutions for diamonds, jewelry, gold, coins, bank notes, and valuable documents. Our correspondent in Brussels caught up with Nigel Paxman, CEO of the Malca-Amit Group of Companies, to find out more about this company.
Gerhard Prinsloo: Standardization could reduce some of the mystique of diamonds
26 december 2011
Bain & Company is considered one of the most prestigious management consulting firms in the world, with 47 offices in 30 countries and over 5,500 professionals on staff globally. Recently, the company released a report titled “The global diamond industry: Lifting the veil of mystery” giving an in-depth analysis of diamond production. Gerhard Prinsloo, a key author of the report, has further unveiled the current situation in the diamond market in his interview to Rough&Polished.
Yair Sahar: Since demand is high, polished prices will go up
19 december 2011
Last July, Yair Sahar, owner of Sahar-Atid Diamonds, was elected new President of the Israel Diamond Exchange replacing Avi Paz, who completed six years in this position. Sahar-Atid is specialized in the manufacture and trade of polished diamonds. It is a sightholder of DTC and Harry Winston. In 2009, the company was bestowed the title of “Outstanding Exporter of Israel.” Yair Sahar answered some questions from Rough&Polished.
What do American jewelers say about Black Friday?
12 december 2011
November 25 is a special day in the life of Americans, the so-called "Black Friday", which marks the official start of Christmas shopping. On this day, stores, shopping malls and online retailers are offering special deals and discounts and buyers literally hunt for the best deals, which usually end up in a matter of hours during the "hot sales." In the midst of Friday the 25th Rough&Polished correspondent visited jewelry stores in one of the major shopping centers in San Diego, the second largest city in California, to talk with staff and find out what was the "black" day on the calendar for them.
Neil Ventura: I think it’s important to see the difference between short term price movements and long term price movements
05 december 2011
Diamdel, a diamond trading arm of De Beers operating worldwide, has made a breakthrough in rough diamond sales introducing online auctions which attract bidders from across the world. Embracing cutting-edge technologies, the company took a path leading to a new kind of trade in rough diamonds virtually open to businesses of any size. Rough&Polished caught up with Neil Ventura, CEO of Diamdel, to find out how his business is performing having embarked on this way.
De Beers speaks on ‘latest feud’ with Zim, sees new dimension to business under Anglo American control
28 november 2011
A fresh “feud” between De Beers and Zimbabwe erupted recently when the group’s high-quality diamond retail arm Forevermark said that it will not sell diamonds from Marange fields. Rough & Polished got in touch with De Beers Group Head of Media Relations, Lynette Gould to get an insight on this latest development. She also commented on the Oppenheimer family’s plans to sell their 40 percent stake in the group to Anglo-American.
Igor Kevchenkov: Market is back on business track, but crisis is not over yet
21 november 2011
Igor Kevchenkov, CEO of Russian Jewelry Company, told Rough&Polished about what is happening today in the Russian jewelry market.
