INDIAN JEWELLER

Two large white diamonds sold for $59,833 per carat

The stones were part of a tender by Gem Diamonds

Post By : Diamond World News Service On 25 November 2010 4:18 PM
An African diamond jewellery brand to compete with established names like Cartier, is the intent black-owned diamond cutting company African Romance. According to a Reuters’ report the company is looking at marketing and making African jewellery popular across the globe. “There is no African luxury brand on the international level of Cartier... that's the space African Romance now has taken,” mentioned chief executive officer Mohseen Moosa.%%African Romance is aiming at revenues worth R60 million ($9.2 million) through the brand in the first year, later to upscale to R200 million ($30 million), and intends to open offices in New York and London. The company will receive around 3,000 carats every month from Canada-based diamond miner Etruscan Resources. Currently, African Romance has set up its cutting and polishing facilities in Johannesburg.

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