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

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 2024

South African bus disaster claims the lives of 20 De Beers employees

21 september 2023

A tragic bus accident on Sunday in South Africa's Limpopo Province resulted in the deaths of 20 workers from the diamond mining firm De Beers.

The vehicle was on its way to the Venetia diamond mine.

Limpopo Province's Transport Department spokesperson Vongani Chauke was quoted by AFP as saying that the accident took place in the town of Musina, which is near the Zimbabwean border.

“The bus collided with a truck,” said the spokesperson.

De Beers had been mining at Venetia Mine for over 30 years.

It employs around 4,300 people, many of whom live in nearby communities, and accounts for 40% of South Africa's annual diamond production.

Once the country's largest open-pit mine, the area has changed to address the dearth of diamonds.

Open pit mining at Venetia was shut down at the end of last year after De Beers committed $2 billion to a massive underground mining project.

The miner announced in July that it had begun extracting diamonds from underground mines dug under the old open-air mine.

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