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

GemsCouture- avant-garde by Victor Moiseikin

Jewelry items and precious souvenirs of the MOISEIKIN jewelry brand are in the museums and private collections of world celebrities, representatives of the political and cultural elite - from Xi Jinping to the British Windsors, from Angela Merkel to...

05 june 2024

Petra's total third-tender cycle sales reach $69.7 million

18 december 2023

Petra Diamonds says the final sales for its third tender cycle raked in $67.9 million from 519 400 carats sold.

This follows further sales of 56 600 carats for $ 9.3 million. An additional 25 200 carats of diamonds from the Cullinan and Finsch mines were sold for $3.1 million while a consignment from Williamson, which comprised 31,400 carats, achieved a sale price of $6.2 million.

It said final sales results delivered a 19.3% increase in like-for-like prices compared with the second tender cycle, demonstrating the company's belief that diamond prices have likely bottomed.

To date, total revenue from rough diamond sales for the fiscal year 2024 is $187.8 million, compared to $202.8 million in the first three tenders of the fiscal year 2023.

This excludes sales from the Koffiefontein mine, which is under care and maintenance.

The deferral of certain 2023 fiscal year sale parcels, which were auctioned as part of the first tender of the 2024 fiscal year, impacted year-on-year volume differences.

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