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...

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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

Gem Diamonds registers record tender revenues in H1

03 august 2018
news_21062018_gem.pngGem Diamonds, which has a 70 percent stake in the Letšeng mine, in Lesotho, has registered record rough tender revenues of $169.2mln from diamonds mined in the first half of its financial year, a 43 percent jump on the second half of 2017.
The average price per carat of diamonds sold during the period leaped 33 percent to $2,742 from $2,061, it said.
It recovered 10 diamonds greater than 100 carats over the period.
Company chief executive Clifford Elphick said the improved recoveries combined with the discovery and subsequent sale of the 910 carat Lesotho Legend for $40 million last March had generated a strong financial performance for the first half.
Meanwhile, Gem Diamonds said it had commenced a formal sale process for its Ghaghoo mine, in Botswana with initial non-binding offers having been received.

Mathew Nyaungwa, Rough&Polished