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...

Yesterday

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

De Beers Q3 rough sales dip as buyers adopt prudent purchasing strategy

25 october 2023

Anglo American, which has an 85% stake in De Beers, said sightholders took a cautious approach to their purchasing during the third quarter of 2023 as a result of the uncertain macroeconomic environment and high levels of diamond inventory in the midstream.

Group’s rough diamond sales totalled 7.4 million carats from three sights, a decline of 19% compared with 9.1 million carats from three sights, a year earlier and 7.6 million carats from two sights in the second quarter of 2023.

Anglo American said De Beers will continue to support its sightholders to help re-establish equilibrium between wholesale supply and demand by providing full flexibility for rough diamond allocations in the last two sights of 2023.

Meanwhile, De Beers’ rough diamond production dropped by 23% to 7.4 million carats in the third quarter of the year, mainly due to the planned reduction in South Africa as Venetia transitions to underground operations and begins the ramp-up of production, as well as planned maintenance in Botswana.

Anglo American said that production in Botswana fell by 12% to 5.8 million carats, driven by lower throughput at Orapa due to planned maintenance.

Production in Namibia was flat at 530,000 carats.

In South Africa, production also dropped by 78% to 400,000 carats due to the planned end of Venetia's open pit operations in December 2022.

Venetia will continue to process lower-grade surface stockpiles as the underground operations ramp up production over the next few years.

Production in Canada eased by 9% to 700,000 carats due to the planned treatment of lower-grade ore.

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