Tshepo Molusi: South Africa establishes dedicated diamond retail shop in China

T3 Diamonds founder Tshepo Molusi told Rough & Polished’s Mathew Nyaungwa at the inaugural South Africa Diamond Show in Cape Town that the shop opened an opportunity for diamond manufacturers under the incubation to export their products to China. He...

Yesterday

Nosiphiwo Mzamo: South Africa’s State Diamond Trader to buy diamonds from other African countries

South Africa’s State Diamond Trader (SDT) is set to buy diamonds from other African countries starting with Botswana. SDT’s chief executive Nosiphiwo Mzamo told Rough & Polished’s Mathew Nyaungwa at the country’s inaugural diamond show, which...

10 february 2025

Edahn Golan: Halo effect from lab-grown diamonds driving high demand for large, 2-carat natural stones in the U.S.

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough & Polished's Mathew Nyaungwa in an exclusive interview that their research found a halo effect from lab-grown diamonds. He said the trend among lab-grown diamond...

27 january 2025

Paul Zimnisky: We will see a modest recovery in natural diamond demand and prices in 2025

According to Paul Zimnisky, an independent diamond and jewellery analyst and consultant based in the New York metro area, the natural diamond industry will see a modest recovery in demand and prices this year. Zimnisky said a moderate recovery would...

13 january 2025

African Diamond Council makes traceability its top priority, wants KP to embrace Authentia.io

The African Diamond Council (ADC) has made traceability its foremost priority and has been contributing to a traceability solution called Authentia.io for the last three and a half years, which is now ready to globally satisfy the traceability...

16 december 2024

Gokhran sold 15,000 carats of Russian diamonds at auction

10 october 2023

According to the results of the auction held on September 28, 2023, Russia's Gokhran sold 15,200 carats of natural diamonds. The total amount of transactions amounted to $10.886 million, according to the Ministry of Finance of Russia.

All precious stones were sold on the domestic market.

Rough diamonds from the State Fund of Russia were put up for auction. In total, diamonds with a total weight of 84,800 carats were presented at the auction. The total initial value of the lots was $2.45 million.

In June 2023, Gokhran sold 229,600 carats of natural diamonds worth $11.5 million on the domestic market.

In total, by the end of 2023, it is expected that the country's budget will receive 2.5 billion rubles from the sale of precious metals and precious stones, nedradv.ru notes.

Alex Shishlo for Rough&Polished