Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

16 april 2024

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

External affairs minister of India meets with Ankit Gems directors in Namibia

23 june 2023

Subrahmanyam Jaishankar, External affairs minister of India, visited Namibia and met with Ankit Gems directorate in a bid to strengthen ties between the two countries.

The minister expressed his appreciation for Ankit Gems' efforts in strengthening economic ties between India and Namibia. The discussion revolved around exploring new avenues for collaboration, technology transfer and exchange of expertise, to further boost diamond manufacturing business in both countries.

The meeting served as a platform to discuss and strengthen bilateral trade relations between India and Namibia, and to further explore opportunities for growth and collaborations for mutual benefits and development.

Ankit Gems has been processing rough diamonds in Windhoek, Namibia for more than 10 years. The company operates two additional cutting factories in Surat, India, and in Gaborone, Botswana.

The company deals in gem-quality diamonds weighing 0.50ct to 5cts majorly and up to 10cts overall. In 2021, its turnover was valued at around $300 million.

Ankit sources rough diamonds from DTC Namibia, DTC Botswana and ALROSA as a sight-holder, and also from other major mines through its Antwerp office.