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

Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products

Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

De Beers rough diamond sales drop to $380 mln

20 may 2021
De Beers' rough diamond sales for the fourth cycle eased to $380 million from the previous cycle's $450 million, according to Anglo American.
The diamond giant chief executive Bruce Cleaver said although they continued to see robust demand for diamond jewellery in the key US and China consumer markets, the scale of the second wave of COVID-19 in India, where the majority of the world's diamonds are cut and polished, has led to reduced midstream capacity and subsequently lower rough diamond demand.
He also said that the diamond industry was also going through a seasonally slower time of the year for midstream purchases. 
"Our thoughts are with all those in India as the country navigates the current challenges presented by the pandemic - reminding us that the road ahead remains uncertain and that we must continue to adopt a watchful approach," said Cleaver.
De Beers continued to implement a more flexible approach to rough diamond sales during the fourth sales cycle, with the sight event extended beyond its normal week-long duration.

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