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 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