Helga Pombal: Angola's Stardiam finds solution to the threat posed by lab-grown diamonds

Stardiam manager of production Helga Pombal told Rough&Polished's Mathew Nyaungwa on the sidelines of the Angola International Diamond Conference that lab-grown diamonds are creating a parallel market for more accessible stones, combined with lower...

11 november 2024

Ellah Muchemwa: ADPA to launch Africa's first diamond mining standard next year

The African Diamond Producers Association (ADPA), which is based in Luanda, Angola, and represents the interests of mainly African diamond producers and those with the potential to produce diamonds, will next year launch the Sustainable Development...

04 november 2024

Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future

Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...

28 october 2024

Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

WGC: Global gold demand falls 9% to 915t in Q3

13 november 2017
Global gold demand in Q3 2017 dropped 9% to 915 tonnes compared with the same period in 2016, according to the World Gold Council’s latest Gold Demand Trends report.
This decline was led by two key factors: a softer quarter in the jewellery sector and significantly lower inflows into exchange-traded funds (ETFs) says a press release from World Gold Council.
The Gold Demand Trends Q3 2017 reports that overall gold demand was 915t, a fall of 9% compared with 1,001t in Q3 2016; Total consumer demand rose by 2% to 701t, from 686t in the same period last year; Total investment demand fell 28% to 241t compared with 335t in Q3 2016; Global jewellery demand dropped 3% to 479t, from 495t in the same period last year; Central bank demand climbed 25% to 111t compared with 89t in Q3 2016 ; Demand in the technology sector increased 2% to 84t compared with 83t in Q3 2016
Total supply was down 2% to 1,146t, from 1,168t in the same period last year; Recycling fell 6% to 315t compared with 335t in Q3 2016.

Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough & Polished