Nosiphiwo Mzamo: South Africa’s State Diamond Trader to buy diamonds from other African countries

South Africa’s State Diamond Trader (SDT) is set to buy diamonds from other African countries starting with Botswana. SDT’s chief executive Nosiphiwo Mzamo told Rough & Polished’s Mathew Nyaungwa at the country’s inaugural diamond show, which...

10 february 2025

Edahn Golan: Halo effect from lab-grown diamonds driving high demand for large, 2-carat natural stones in the U.S.

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough & Polished's Mathew Nyaungwa in an exclusive interview that their research found a halo effect from lab-grown diamonds. He said the trend among lab-grown diamond...

27 january 2025

Paul Zimnisky: We will see a modest recovery in natural diamond demand and prices in 2025

According to Paul Zimnisky, an independent diamond and jewellery analyst and consultant based in the New York metro area, the natural diamond industry will see a modest recovery in demand and prices this year. Zimnisky said a moderate recovery would...

13 january 2025

African Diamond Council makes traceability its top priority, wants KP to embrace Authentia.io

The African Diamond Council (ADC) has made traceability its foremost priority and has been contributing to a traceability solution called Authentia.io for the last three and a half years, which is now ready to globally satisfy the traceability...

16 december 2024

Gaetano Cavalieri: CIBJO leading the jewelry industry on critical issues

One of the gem and jewellery industry’s most well-known and respected personalities, Dr. Gaetano Cavalieri, has been the president of the World Jewellery Confederation (CIBJO), for the past 23 years. CIBJO is the oldest international organisation...

09 december 2024

Petra Diamonds trims board size

21 december 2023

Petra Diamonds, which has operations in South Africa and Tanzania has reduced the number of directors on its board from 10 to seven.

The diamond company said that the changes are minor but an essential part of the continuous cost-cutting initiatives being applied across the group to further ensure flexibility in the event that current market conditions persist.

The sustainability and health and safety committees have been consolidated as part of the new arrangements.

Upon taking effect, Petra said, the fee reductions for the chairperson and non-executive directors will reduce the annualised board fees by a minimum of 25%.

“I believe the changes announced today will result in a lower cost, more efficient and right-sized board which has an appropriate balance of skills and experience," said Petra Diamonds non-executive chairperson Varda Shine.

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