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South African investors have little appetite for investments

A business and technical leader in the diamond exploration and mining industry, James Campbell has spent over thirty years in the diamond industry and is currently Managing Director of Botswana Diamonds plc. His immediate past role was Chief Executive...

24 april 2017

Jean-Marc Lieberherr: Medium to long term prospects for the world diamond market are strong

Diamond Producers Association (DPA) was established in May 2015 by seven of the world's leading diamond companies, including ALROSA and DE BEERS, to maintain and increase the demand for diamonds, as well as their credibility. One of DPA’s most important...

17 april 2017

Chidhakwa: I have no misgivings about diamond mining consolidation in Zim

Zimbabwe’s mines minister Walter Chidhakwa stands accused of decimating the country’s diamond industry when he decided early last year to streamline operations of mining companies in Marange and that of partly Russian-owned, DTZ-OZGEO, in Chimanimani...

10 april 2017

We are open for good business in all our locations - Erik Jens

Erik Jens, the Global Head - Diamond & Jewellery Clients - AMRO BANK N.V. comes armed with professional experience in banking, financing and investments. He has specialized in private wealth management solutions, investments in hedge funds, private...

03 april 2017

Those who do not define their own niche, will not survive

The Antwerp Diamond Trade Fair (ADTF) enjoys broad industry support as a key annual event for the international jewelry community. The invitation to the ADTF can be obtained directly from the organizers, on the recommendation of one of the participants...

27 march 2017

Zim jewellery firm targets foreign markets as local economy struggles

12 january 2017
Aurex Holdings, a jewellery company in Zimbabwe, said it has been finding it difficult to grow its business on the local market due to a decline in disposable incomes and general liquidity in the country.
NewsDay quoted company general manager Paipa Munhumutema as saying that the development had forced jewellery maker to step up efforts to sign partnerships with international players.
Aurex said its market share had only grown slightly despite a 50 percent jump in their bridal jewellery business, forcing the company to shift focus to the international market.
Munhumutema said the jewellery manufacturer was in talks with a “known player” in the international diamond cutting industry to help them get a foothold into the international marketplace.
“This is an area that takes time to grow because we need to align with international partners to enter the space. For the last year, our focus was to actually get into technical partnerships with a company that has got a foothold on the international market. We are almost concluding talks with one technical partner, whom we hope will give us access in the international market,” he said.
“In terms of the various products, there is fashion jewellery and bridal jewellery. On the bridal jewellery side, I think we have got a bigger market share, there and are more than 50% in terms of being active on that market, but it is a market where we need to do more.”
Aurex, a subsidiary of the Reserve Bank of Zimbabwe, had eight retail stores across the country.
It bids for rough cut diamonds from auction floors at the Minerals Marketing Corporation of Zimbabwe and Murowa auction floors, which it then cuts and polishes for resale.

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

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