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Rubel & Ménasché, the well-known Paris-based diamond company, has been supplying the jewelry houses of Place Vendôme with high-end small goods for over 50 years. The company has been granted European Commission “Authorized Economic Operator” (AEO)...
The intercontinental diamond educational web series, launched by BrankoGems Advanced Diamond Online Academy, premiered on April 9, 2021. A special course, created for diamond professionals, aims to raise awareness among industry players on diamonds...
Igor Kevchenkov, Director General of ‘Russkaya Yuvelirnaya Kompaniya (Russian Jewellery Company) No. 1’, one of the seasoned professionals in the jewellery industry due to many years of experience, answered the questions about the state of the...
Somasundaram PR (Som) joined the World Gold Council in January 2013, as Managing Director, India. Based in Mumbai, Som is responsible for leading the World Gold Council's activities across the Indian gold market. Som has over 27 years of...
Flun Gumerov, Chairman of the Council of the “Jewellers Guild of Russia” Association and the founder of Almaz-Holding, told Rough&Polished about what is new in the legislation relating to the jewellery production and trade, about the sentiments at the...
Anglo American's diamonds unit contributed 4% to the group's underlying earnings before interest, taxes, depreciation and amortisation (EBITDA).
The diversified miner, which has an 85% stake in De Beers, revealed in its seventh annual Tax and Economic Contribution Report that diamonds contributed $417 million to the group's EBITDA in 2020.
The diamond giant produced 25.1 million carats last year.
Iron ore was the major contributor to Anglo's underlying EBITDA at 47% or about $4,6 billion.
This was followed by PGMs at 26% or about $2,6 billion, while copper came in third with a 19% contribution to the group's underlying EBITDA or about $1,9 billion. 
Meanwhile, Anglo said its tax and economic contributions amounted to more than $25 billion in 2020.
The diversified miner said in its seventh annual Tax and Economic Contribution Report that the contributions were made across all its major operating jurisdictions.
"Our annual Tax and Economic Contribution Report helps our stakeholders more fully understand the breadth of our role in society," said Anglo chief executive Mark Cutifani.
"The enduring positive impact of a business can only be properly assessed when you consider the total footprint of its contributions. It is with this transparency that we seek to build trust as a corporate leader in our industry - a key pillar of our Sustainable Mining Plan."

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




Lucara Diamond has received credit approved commitments from a syndicate of five Mandated Lead Arrangers (MLAs) for a senior secured project financing debt package of up to $220 million to fund the underground expansion at its wholly-owned Karowe...
ALROSA held in April auctions for special size rough diamonds at its main trading offices to meet clients’ demand in purchasing high-quality rough.
An Australian finance corporation, which currently holds a collection of Argyle’s rare pink diamonds as mortgagee in possession has asked Yourdiamonds.com, an Australian technology startup founded by Tim Goodman, a former Executive Chairman of Sotheby’s...
Barrick Gold has recorded a 78% jump in its first-quarter profit to $507 million from $285-million a year earlier buoyed by strong gold and copper prices.
Hong Kong’s jewellery, watches and clocks, and valuable gifts segment saw the most significant increase in March retail sales, followed by clothing, footwear and allied products, according to the Census and Statistics Department of Hong Kong.
(thediamondloupe.com) - In their latest auction in Antwerp, Grib Diamonds sold over 580,000ct of rough diamonds for approximately US$40m. According to Grib demand continued to be strong for larger better quality rough, especially for 5-10ct, 2-4ct, 4-6GR, and even goods down to +11 showed robust prices. Results for smaller goods were weaker and saw decreases except for the -7+5.

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