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Lucapa to become a niche diamond company, says Wetherall

Lucapa Diamond believes that it will become the only company in the world with multiple diamond mining operations whose average diamond value is in excess of $1,000 per carat, once the Mothae mine is commissioned this year. Company chief executive and...

19 february 2018

Zimnisky: Diamonds lack fungibility to be a major investment product

Physical diamonds will never be a viable widespread investment product simply because they inherently lack fungibility, meaning they are all unique, according to Paul Zimnisky, an independent diamond industry analyst and consultant, who is based in New...

12 february 2018

Julien-Vincent Brunie: "Being surrounded by beauty and art is a privilege!"

This last December, shortly before Christmas, the Auction House of Christie's arranged a private display of jewelry in Moscow. The correspondent of Rough & Polished, who had an opportunity to visit this event, was able to admire a luxurious collection...

05 february 2018

Ali Pastorini: We would like meeting Mujeres Brillantes 2018 to be held in Russia

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 500 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

29 january 2018

Diamond Exchanges promote healthy development of the diamond industry, besides safe and basic infrastructures for diamond trade

Prior to joining the Guangzhou Diamond Exchange, Liang Weizhang served as a civil servant of Guangdong Entry-Exit Inspection & Quarantine Bureau as the director of the Kimberley Process Office. He participated in the KP Review missions to South Africa...

22 january 2018

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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