De Beers shines light on budding jewellery designers

Diamond giant De Beers will this year conduct its bi-annual Shining Light Awards jewellery design competition. De Beers beneficiation manager Kagiso Fredericks told Rough & Polished's Mathew Nyaungwa in an exclusive interview they set aside 4.5 carats...

22 july 2024

DiaMondaine Diamantaires Club mulls diamond safari tours in southern Africa

DiaMondaine Diamantaires Club (DDC) is set to organise diamond safari tours in southern Africa, home to major diamond-producing countries. DDC founder Agnes Abdulahu told Rough&Polished’s Mathew Nyaungwa that the launch of the first diamond safari...

15 july 2024

Vladislav Zhdanov: Questions of efficiency and investment potential of diamond mining versus diamond growing pique keen interest

Vladislav Zhdanov is Professor at the National Research University Higher School of Economics (HSE). He told Rough&Polished about new researches into the effectiveness of diamond production methods.

02 july 2024

Why it's expensive to cut and polish diamonds in Africa? ADMA president António Oliveira has the answer

The African Diamond Manufacturers Association (ADMA) president António Oliveira told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that the lack of a robust infrastructure in Africa fails to accelerate and encourage manufacturing...

24 june 2024

Edahn Golan: IPO feasible but not Anglo’s preferred way to sell De Beers

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough&Polished's Mathew Nyaungwa in an exclusive interview that while an IPO of De Beers is “feasible,"  he does not think this is a route Anglo American...

17 june 2024

Gokhran to hold auction of rough diamonds from State Fund in late September

30 august 2023

Gokhran intends to auction rough diamonds from the State Fund of Russia on September 28, aimed at the domestic market, RIA Novosti reports.

At the same time, it intends to sell smaller stones not exceeding +10.8 carats in size.

There will be 19 lots up for auction totaling 84,818 carats, with a starting aggregate price of $2.45 million. The largest lot by volume of 6,600 carats is valued at $136,139. The most expensive diamond lot weighing 5,316 carats is valued at $227,947.

Since the beginning of 2023, Gokhran has held three diamond sales. At the auction on February 27, rough diamonds with a total weight of 468,756 carats were put up for $17.29 million; all lots were sold for $23.89 million. At the auction on February 28, it managed to earn $22.15 million from the sale of 258,170 carats of diamonds. At the same time, on June 27, the state organization received $9.23 million from the sale of 229,624 carats of rough.

According to RIA Novosti, to replenish the federal budget, Gokhran plans to hold sales of precious metals and precious stones from state reserves totaling 2.5 billion rubles this year, 1.5 billion rubles in 2024, and 1 billion rubles in 2025.

Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished