Sarine’s David Block: Diamond Industry at Standstill Until Chinese Demand Returns

David Block is CEO of Israel’s Sarine Technologies and has served in the position since 2012. In this exclusive interview for Rough and Polished, Block gives his opinion on the leading issues affecting today’s diamond trade.

11 september 2024

Dr M'zée Fula Ngenge: Demand for considerable-sized diamonds stronger than ever

The African Diamond Council (ADC) chairperson Dr M'zée Fula Ngenge told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that although overall global diamond prices have been somewhat soft, the demand for considerable-sized diamonds...

02 september 2024

Amplats sees prospects as a standalone company

Anglo has revealed its plans to demerge Anglo American Platinum (Amplats), which has operations in South Africa and Zimbabwe, to optimise shareholder value. Rough&Polished contacted Amplats to comment on this and other issues but was referred...

19 august 2024

WFDB President Yoram Dvash Remains Confident Despite Global Diamond Challenges

Yoram Dvash is President of the World Federation of Diamond Bourses (WFDB) having been elected in 2020. He found time in his busy schedule to speak to Rough&Polished about the state of the diamond industry around the world and some of the major...

12 august 2024

Lyudmila Vysotskaya: Amber is a mystical stone, a living substance

Lyudmila Vysotskaya is a Kaliningrad-based amber artist and designer, expert, chairwoman of the Amber Academy and member of the Creative Union of Artists in Decorative and Applied Arts. This summer, visitors could admire the art works by Lyudmila Vysotskaya...

30 july 2024

BHP Billiton diamond output down

19 april 2012

BHP Billiton said its diamond production eased 21 percent year on year to 433,000 ‎carats during the three months ended March 31, 2012.
The diversified miner said in a statement seen by Rough & Polished that production also declined ‎‎29 percent to 1.371 million carats during the first nine months of the fiscal year. ‎
It said that ‎ ‎the lower production was in line with expectations as operations at its Ekati mine, in Canada were ‎constrained to extract lower grade material in the medium term. ‎
BHP owns 80 percent of the Ekati mine, which was its only diamond ‎asset.
The miner announced last December plans to divest from the diamond ‎business to focus on potash.
It said the process of divesting was still ongoing.
BHP also said that it had exercised an option to sell its 37 percent non-operated interest in Richards Bay Minerals (South Africa) to Rio Tinto.

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