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

Angola’s transparency attracts investors - President Lourenço

30 november 2023

Angola’s decision to join the Extractive Industries Transparency Initiative (EITI) has helped the southern African country attract international investors, according to President João Lourenço.

"What we want is to do things in the open, with all possible transparency, and, with that, we will win, because investors will gain confidence and will come to invest their savings here in our country," he said while officiating at the opening of the country’s largest diamond mine, the Luele project in Lunda Sul Province.

He said Angola cannot afford to operate clandestinely as it is now under greater scrutiny from EITI.

Transparency has so far attracted De Beers back to Angola.

The Angolan government and De Beers signed two mining investment contracts last year for diamond prospecting in the provinces of Lunda Norte and Lunda Sul.

At least two concession sites possess substantial geological potential.

Rio Tinto is also prospecting for diamonds in the country, while Ivanhoe Mines will do the same for copper.

Russia’s ALROSA already has a 41% stake in diamond mining company CATOCA.

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