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

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 2024

Angola set to produce 17.7 MCts of diamonds by 2027

09 february 2024

Angola is projected to produce 17.53 million carats by 2027, according to the country’s state-owned diamond company, Endiama.

Data gleaned by Rough & Polished at the African Mining Indaba in Cape Town showed that revenue is also expected to rise to $2.62 billion in the same year.

At least 24 mines are currently producing diamonds in Angola.

The country recently opened the Luele diamond mine, which is expected to dislodge Catoca as Angola’s largest diamond mine.

Luele kimberlite has an ore quantity of 647 million tonnes which will result in the production of 628 million carats. The mine is projected to run from 2023 to 2083.

Endiama said Angola produced about 9.8 million carats of rough diamonds in 2023 despite the global economic downturn.

It realised $1.5 billion in revenue from the diamonds sold last year.

Endiama said that 99.8% of the diamonds produced in 2023 were industrial, while 0.20% were semi-industrial production.

Meanwhile, the diamond company said Angola currently has 54 exploration projects.

Of these 10 were primary kimberlite, while 44 were secondary.

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