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...

16 april 2024

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

Gem Diamonds discovers a 117.47-ct diamond at Letšeng

31 october 2023

Gem Diamonds has discovered a 117.47-carat white type IIa rough diamond at its 70%-owned Letšeng Diamond Mine in Lesotho.

The diamond was discovered on October 29, 2023.

This is the fourth diamond weighing over 100 carats recovered by the company this year.

It recovered a 101.26-carat gem-quality White Type II on September 28, 2023.

Gem found a 163.91-carat yellow diamond on June 22 and later discovered a 122-carat D-color Type II white diamond on March 5, 2023.

It said last August that there had been a noticeable decline in the recovery of large, high-value diamonds. This, along with market pressure, has had a detrimental effect on the average value per carat and overall revenue achieved in the first half of 2023.

In the first half of 2023, Gem's average carat value reached $1,373, showing a dip from the previous year's $1,745 per carat.

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