The peachy hue also marks the program’s 25th anniversary.
Report: Angola Continues to Cut Ties with Former First Family
State-owned mining company Endiama is selling the diamond licenses once belonging to Isabel Dos Santos to investors, according to Reuters.
Luanda, Angola--The Angolan government is selling diamond exploration rights that once belonged to the former president’s daughter to investors, Reuters reports.
According to a video clip viewed by the news agency, José Manuel Ganga Júnior, president of state-owned diamond company Endiama, told several mining companies in a meeting last month that Isabel dos Santos’ licenses had expired and now are open to new exploration partners.
While Endiama did not respond to a request for confirmation from National Jeweler by press time, it did confirm to Reuters that the video was authentic.
The licenses open to investors were for Camafuca-Camazambo, Mulepe, Sangamina, Chiri and Tchiegi, all located in the country’s northeastern diamond-producing provinces of Lunda Norte and Lunda Sul, Reuters said.
The Camafuca-Camazambo and Chiri licenses were the ones that had belonged to Dos Santos.
Russia’s Alrosa is currently the only major diamond company producing in Angola. It has a stake in the Catoca mine.
Dos Santos is the daughter of former Angolan President Jose Eduardo dos Santos and the richest woman in Africa with a current net worth of $2.7 billion, according to Forbes.
Her father named her as head of Sonangol, Angola’s state oil firm, in June 2016. Her husband, Sindika Dokolo, has a stake in Swiss jewelry brand De Grisogono.
Lourenço removed Dos Santos as head of Sonangol in November. Sodiam, a subsidiary of Endiama, also divested its stake in De Grisogono after a board meeting Dec. 1, saying it was doing so for “reasons of public interest and legality.”
Without the ability to instill confidence within the industry and directly to the consumer, a diamond holds very little value.
The wedding band company is also accusing its former customer of removing watermarks from Lashbrook images for its own use.
It provides a timeline for the implementation of new restrictions, but no details.
With holiday proposals right around the corner, encourage your customers to go for platinum when making the big purchase.
Sherry Smith breaks down the numbers on jewelry sales in November and reveals the category that “emerged as a standout.”
Additional lots will be offered in the Fine Jewels online sale through Dec. 7.
Peter Damian Arguello, the owner of Peter Damian Fine Jewelry & Antiques, was shot and killed in an apparent robbery last week.
The Indian jewelry giant has opened locations in Houston and Frisco, Texas.
The watch seller’s new index tracks sales data from 14 brands, including Rolex and Patek Philippe.
The lab-grown diamond brand also collaborated with the website The Future Rocks on a collection launching today.
It’s the hero piece of the newest "Green Jewel" collection, a collaborative offering from the two mines.
Chris Cramer, who also spent time at Gen Z intimates brand Parade, will take on the dual role.
The retail offering lets customers track their diamond’s journey.
The Luele mine is expected to eventually make the country the world’s third-largest diamond producer.
From Thanksgiving through Cyber Monday, 200.4 million consumers shopped online and in stores.