Yoram Dvash: Industry unity, producer leadership and marketing investment key to natural diamond's future

The natural diamond industry is navigating a period of significant transition, but there are increasing signs that the foundations for a stronger and more positive future are being built, according to the World Federation of Diamond Bourses (WFDB)...

29 june 2026

AWDC: First fully traceable artisanal diamonds from DRC sold on the international market in Antwerp

In a historic milestone for the diamond industry, fully traceable, artisanal diamonds from the Democratic Republic of Congo have been sold on the international market for the very first time in Antwerp. Below, Ine Tassignon, AWDC spokesperson, provides...

22 june 2026

Natural diamonds most desired luxury jewellery, Gen Z spending double baby boomers, reveals De Beers report

Natural diamonds remain the most desired jewellery item among US consumers, with Millennials and Gen Z driving demand value and spending, according to De Beers Group’s The Diamond Report, which draws on the biannual Diamond Acquisition Study of 18,500...

15 june 2026

Edahn Golan: India’s lab-grown diamond exports surpass natural diamonds by volume, yet value gap widens

India’s diamond industry has reached a historic turning point. In March and April 2026, the volume of lab‑grown diamond exports overtook that of natural diamonds, with lab‑grown stones accounting for 51% and 50.4% of total export volume respectively...

01 june 2026

Dr M’zée Fula-Ngenge: Kimberley Process failing Africa

The Kimberley Process (KP) is failing Africa, and the world's definition of a “conflict diamond” is a moral and legal absurdity, according to the African Diamond Council (ADC) chairperson M’zée Fula-Ngenge. The following exclusive...

18 may 2026

Sierra Leoneans request freeze of Octea's assets in diamond mine lawsuit

21 august 2020
A group of Sierra Leoneans has requested the country’s High Court to freeze the assets of Octea, a subsidiary of Beny Steinmetz's BSG Resources (BSGR) in their ongoing diamond mine lawsuit, according to news reports.
At least 73 plaintiffs launched a lawsuit against Octea subsidiary Koidu in March last year seeking damages for alleged environmental degradation around a diamond mine.
They all live within 500 metres of the mine and alleged that they had suffered respiratory infections and headaches from living near the mine. They are seeking $288-million in damages.
Reuters reports that it had seen an affidavit to the high court of Sierra Leone in which the lawyer for the plaintiffs said there was a "clear and present risk" the defendants could expatriate funds in order to avoid having to pay out if the court rules against them.
The affidavit said that without a freezing order, plaintiffs might have to seek execution of a possible judgment in their favour in as many as seven separate jurisdictions.
The majority of the 12 defendants are not domiciled in Sierra Leone, and BSGR is in administration proceedings.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished