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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

Zimbabwe says no to expanded definition of conflict diamonds ahead of KP meeting

21 april 2017
Zimbabwe said it will not support the civil society’s sponsored move to expand the definition of conflict diamonds to include issues such as human rights.
Mines minister Walter Chidhakwa told Rough & Polished that Harare engaged the South Africans on the sidelines of the African Mining Indaba last February and they also indicated their discomfort with the overhaul of the definition.
The contentious issue was expected to cause rancour at the Kimberley Process’ Intersessional meeting set for Perth, Australia early next month.
“Our argument is a very simple argument. We deal diamonds let’s do the best we can to ensure that our diamonds are clean,” said Chidhakwa.
“That is our core business, this is a UN organ there is another UN organ (that deals with human rights), before I even go there is an African Union organ responsible for human rights. If we now say human rights as they relate with diamonds must be dealt with by the Kimberley Process, (then) I don’t understand what we are trying to do.”
He also said that the UN and IMF as well as member countries had ways to deal with the issue of financial illicit.
“Why don’t we let those who have the expertise to deal with that?” he asked rhetorically.
“If we are asked for information, naturally we pass on the information to them so that they are able to better investigate the work, but to say we are going to take over the activities and responsibilities of other [agencies and institutions] as part of KP, I don’t think it’s the way to go. So we were in discussions with the South Africans, we will say no to that.”
KP chairperson Robert Owen Jones told Rough & Polished in February that the diamond watchdog would do a review this year and it won’t surprise him if a number of countries and delegates propose things like changes to the definition of conflict diamonds.
“I want to have a conversation about anything that people raise in terms of, ‘will KP work better or not if we do this?’, ultimately any decisions that we make as Kimberley Process, are decisions by consensus, so you don’t just accept any one point of view, you have to listen to everyone’s point of view and the extent to which we might change or might not change the definition will be an agreement by all of us, equally, so it’s a consensus-based organization,” he said.

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

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