Nungu Diamonds Aims At Becoming The Next Big Thing In the Industry

  • By Zanele Magagula

  • Category: Business

The birth of Nungu Diamonds began when Kealeboga Pule was set to finish his LLB Degree at the North West University when he pursued his dream of becoming the next big diamond manufacturer in South Africa. Kealeboga, a registered diamond cutter and polisher, founded Nungu Diamonds together with his wife Ursula Pule in 2013 – with the prospects of being key players in the sector, by dominating the economic block of diamond manufacturing industry in South Africa, and eventually the continent.

Pule was introduced to the diamond industry by Mr MacDonald Temane, a man who later became his mentor. He says that Mr Temane taught him a lot about the industry but he had to do his own research to understand the industry better.

Mr Pule has travelled all over the world just to get himself equipped with the knowledge that he needed in the industry and to start his own diamond business. He has been to Tokyo, Hong Kong, Dubai and Las Vegas.

Pule told THEDEAL Magazine that this year has been a golden year to them even under the Covid-19 circumstances. He said most of their clients have been coming through to buy mainly on the jewellery side of the business. They even managed to secure partnership with a multinational entity from Belgium that has been helping them to buy more rough diamonds.

Pule said they are in a process of opening a new factory to expand their operations and cut more diamonds.

The market have been responding to Nungu Diamonds with a positive attitude. Pule mentioned that their clients love that their diamonds are cut and polished by them.

In 2019, the couple did a wedding special with Dineo Moeketsi and Solo Zothile. They made their wedding rings. In January 2020 Somizi Mhlongo and Mohale Motaung also had their diamonds done by Nungu Diamonds.

According to Pule, that was the greatest achievement for them as a black owned diamond business.

As part of the youth empowerment, Nungu Diamonds aims at employing above 20 young people to teach them about cutting and polishing diamonds and train them about entrepreneurship.

Mr Pule said the industry needs more young minds.

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2021-08-19T13:34:10+00:00
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