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

De Beers, Angolan state-owned firms ink MoU to develop local diamond sector

08 february 2024

De Beers has signed a Memorandum of Understanding (MoU) with Angola’s National Mineral Resource Agency, Angola’s state-owned diamond company, Endiama, and Angola’s state-owned diamond trading company, Sodiam.

The signing of the MoU, which took place at the Mining Indaba in Cape Town, South Africa, seeks to advance Angola’s diamond sector with a focus on increasing diamond production, supporting the growth of alluvial diamond mining, and enhancing social development opportunities for the benefit of Angola’s citizens.

Addressing delegates after the signing ceremony, De Beers chief executive Al Cook said that the MoU extends the group’s partnership with Angola following the signing of two Mineral Investment Contracts (MICs) in 2022 for licence areas in north-eastern Angola, where exploration activities are now underway.

The parties agreed to work together to review several kimberlite deposits to reassess their economic attractiveness through the application of new De Beers technologies, promote the transparency and traceability of diamond production, and identify opportunities to build local community capacity by leveraging the group’s Building Forever sustainability framework.

“Angola continues to set an example as a country that has reformed its prospects through enhanced transparency, the adoption of internationally recognised best practices, and a business-friendly investment environment,” said Cook.

“Returning to Angola in 2022 was a significant step for De Beers, and we see a bright future in the country. I look forward to continuing to work with our partners in Angola through harnessing our collective expertise and ambition to support a thriving diamond sector.”

Endiama chief executive Ganga Júnior said this is a strategic partnership to increase diamond production in Angola.

Mathew Nyaungwa, Editor in Chief of the African Bureau, from Cape Town, South Africa, Rough&Polished