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

Diamond output at Rio Tinto’s Zim mine down 30 pc in Q2

18 july 2012

Diamond production at Rio Tinto’s 78 percent-owned Murowa Mine, in Zimbabwe fell about 30 percent year on year to 56,000 carats during the second quarter of 2012.
The mine, which was a target of the Zimbabwean government’s indigenisation drive, produced 80 000 carats during the same period last year.
It also recorded an output of 66,000 carats during the first quarter of the year.
Figures released by Rio Tinto showed that the mine produced 123,000 carats during the first half of the year when compared to 185,100 carats recorded during the same period in 2011.
Meanwhile, the miner, which also mines diamonds in Australia and Canada, said that its overall diamond production during the second quarter went up by 3 percent year on year to 2.808 million ‎carats.
Argyle mine produced 1.677 million carats while Diavik recorded an output of 1.075 million carats.
Group production also leaped 18 percent year on year to 6.167 million ‎carats during the first half of 2012.
Rio Tinto, which said last March that it was considering divesting from its diamond business, was targeting a full year production of 14.6 million carats, an increase of 25 percent from 2011. ‎

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