The great reset: Paul Zimnisky on supply catharsis, De Beers' bargain and the case for natural diamonds

The natural diamond industry is in the throes of its most profound reset in a generation. Supply is plunging to its lowest level since 1987 and De Beers—once valued at over $9 billion—is reportedly being sold for as little as $1 billion.
Lab-grown...

10 august 2026

Roman Karakurkchi: Maintaining the highest standards of jewelry craftsmanship

Roman Karakurkchi is the founder of the Roman Karakurkchi jewelry brand and the International Jewellery School that brings together instructors from Russia, the USA, the Netherlands, Spain, Belgium, Italy, and Germany, as well as students from 65 countries...

03 august 2026

Mehul Shah pledges to bring new approach to leading WFDB

Mehul N. Shah, who was elected in July as President of the World Federation of Diamond Bourses at the 41st World Diamond Congress in Singapore, is one of India's best-known diamantaires and a prominent leader in the international diamond industry...

27 july 2026

Charlotte Rose on making history, modernising the London Diamond Bourse, and why finance is the industry’s silent crisis

When Charlotte Rose was elected president of the London Diamond Bourse in June 2026, she didn't just break an 86-year tradition—she became the first woman to lead any diamond bourse globally. In an exclusive interview with Rough & Polished’s Mathew...

20 july 2026

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

SA mining production struggled in February

20 april 2022
South Africa's mining production eased by 6% year-on-year last February despite a strong performance from the diamond sector.
Statistics South Africa (StatsSA) said the largest negative contributors were iron ore (-29,2% and contributing -3,4 percentage points); platinum group metals (-16,5% and contributing -3,3 percentage points); and gold (-9,3% and contributing -1,3 percentage points).

news_20042022_eng.png 
                  Source: StatsSA

However, diamond production increased by 21.7% year on year over the reporting period.
Coal and chromium ore also rose by 5.6% and 4.4%, respectively, year-on-year.
Meanwhile, StatsSA said mineral sales recovered by 6.4% year-on-year in February having declined in January.
The increase in sales was driven by high commodity prices as a result of the conflict between Russia and Ukraine.
The largest positive contributors were coal (58,6% and contributing 10,6 percentage points); 'other' non-metallic minerals (81,1% and contributing 2,3 percentage points); and PGMs (5,1% and contributing 1,8 percentage points).
However, gold and iron ore were the main negative contributors, shedding a combined 7.8 percentage points.

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