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 unearths high-quality 295-ct white stone at Letšeng

12 january 2024

Gem Diamonds has discovered a high-quality 295-carat type II white diamond from its 70%-owned Letšeng mine in Lesotho.

This is the first diamond weighing more than 100 carats recovered by the company this year.

It discovered a 117.47-carat type IIa white diamond on October 29, 2023, which was its fourth diamond weighing over 100 carats retrieved that year.

On September 28, 2023, the miner found a 101.26-carat gem-quality White Type II, as well as a 163.91-carat yellow diamond on June 22 and a 122-carat D-colour Type II white diamond on March 5, 2023.

Gem Diamonds said last November that a decrease in the amount of huge, high-value diamonds recovered, combined with market pressure, had reduced the average dollar per carat and revenue achieved in the third quarter of 2023.

During the quarter, it recorded an average price per carat of $1,310, up from $1,317 the prior year.

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