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

Australians To Search For Legendary Diamonds

30 november 2012

A diamond company has roused up several million dollars from investors in order to seek out the source of diamonds that sparked a local legend, The Australian reports cited by Israelidiamond.co.il. GeoCrystal has secured between $3.5 and $5.4 million in funding from the Australian Securities Exchange to explore an area of the land down under that is said to have produced a diamond weighing 25 carats over a hundred years ago.
According to the story, during an 1896 expedition to cross central Australia, a shooting accident left a man named Charles Stansmore dead. On his body was found a 25-carat gem. The tale is well-known to local diamond traders, but until now, no one has embarked on a mission to find the stone's source.
GeoCrystal did not rely on the story to convince its funders to fork over the millions in investment money, but instead provided technical specifications which are said to justify exploring the Gibson Desert area for rough diamonds. Magnetic surveys from the aid indicate features that may be a field of kimberlites, according to the Australian.