Exclusive
Helga Pombal: Angola's Stardiam finds solution to the threat posed by lab-grown diamonds
Stardiam manager of production Helga Pombal told Rough&Polished's Mathew Nyaungwa on the sidelines of the Angola International Diamond Conference that lab-grown diamonds are creating a parallel market for more accessible stones, combined with lower...
11 november 2024
Ellah Muchemwa: ADPA to launch Africa's first diamond mining standard next year
The African Diamond Producers Association (ADPA), which is based in Luanda, Angola, and represents the interests of mainly African diamond producers and those with the potential to produce diamonds, will next year launch the Sustainable Development...
04 november 2024
Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future
Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...
28 october 2024
Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki
The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...
14 october 2024
James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration
London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...
07 october 2024
Lucara Q3 revenue dips to $82.9mln on lower carats sold
13 november 2020
Lucara Diamond says it accrued revenue of $82.9 million in the nine months ended September 30, 2020 from the sale of 268,101 carats or $309 per carat. It said this represents a decrease from revenue of $136.5 million, a year earlier from 313,189 carats sold at an average price of $436 per carat.
China’s jewellery retailers announce increase in jewellery sales in Q3 of 2020
13 november 2020
Major jewellery retailers in China have reported double-digit growth on the back of strong consumer demand, as per jewellerynet.com. According to jeweller Lao Feng Xiang, sales rose 24 per cent year on year to $2.63 bn in the third quarter. Sales of gold jewellery were up 22.41 per cent.
Maison Chaumet opens new boutique in Abu Dhabi
13 november 2020
The much-anticipated opening of a new Maison Chaumet boutique in the capital of the United Arab Emirates finally saw the light of day. The boutique was opened at The Galleria Al Maryah Island, Abu Dhabi, says a media report.
Angola mulls tax break to revive diamond industry
13 november 2020
Angola is considering a tax break in the fiscal year 2021 to revive the country’s diamond industry, according to media reports. Angola’s special taxation director of the General Tax Administration Pedro Marques was quoted by Xinhua as saying that the move was meant to encourage diamond companies to produce and sell more stones.
Get-Diamonds.com becomes first trading platform to introduce Provenance section
13 november 2020
Get-Diamonds, the world’s largest online marketplace for B2B diamond trading established by the World Federation of Diamond Bourses (WFDB), will be the first platform to introduce a Provenance section where only fully traceable diamonds will be listed.
ALROSA's net profit for three quarters of 2020 decreased by 79% compared to 2019
12 november 2020
From the IFRS-based financial results posted by ALROSA for the nine months of this year, it follows that the company's net profit decreased by 79% compared to 2019, amounting to 10.9 billion rubles against 51 billion rubles a year earlier. ALROSA also lowered its forecast for rough diamond production in 2020 to 30 million carats from 34 million carats at the beginning of this year.
Lucara unearths 998-ct diamond at Karowe
12 november 2020
Lucara Diamond has recovered an unbroken 998-carat high white clivage diamond from its wholly-owned Karowe diamond mine, in Botswana. It said the diamond, measuring 67x49x45mm, was recovered from direct milling of ore sourced from the EM/PK(S) unit of the South Lobe.
Angolan state budget may count on USD 1.3 billion from ENDIAMA
12 november 2020
The Chairman of the Board of Directors of the National Diamond Company of Angola (ENDIAMA), Ganga Júnior, foresees contributions from the diamond sub-sector to Angola’s state budget in the order of USD 2 398 065 000 until 2022, in case the country reaches a production of 14 to 20 million carats of diamonds per year.
Rare Golconda diamond sells for $ 1.5 mn on an e-сommerce platform
12 november 2020
An 8.03-carat GIA-certified rare and exceptionally white Golconda diamond was sold online for almost $1.5m recently. The diamond was sold for the asking price of $1,485,000 on the 1stDibs antiques and artefacts e-commerce.
Zim security chiefs hold crisis meeting on smuggling of precious minerals
12 november 2020
The Zimbabwe military reportedly convened a crisis meeting last week following an alleged rise in the smuggling of gold and diamonds.
