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Diamonds will have the greatest potential in 2017

Mumbai-based Rajesh Bhagat, India Consultant of Hong Kong Trade Development Council (HKTDC) who oversees HKTDC’s operations across India, Sri Lanka and Bangladesh, has been assisting companies, particularly small and medium enterprises (SMEs) in the...

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Tanzania to cautiously extend ban on export of rough gemstones from tanzanite

Tanzania, which imposed a ban on the export of rough tanzanite more than 1 gram to encourage local beneficiation, said it will cautiously extend the moratorium to other precious stones in the country once it has the capacity to cut and polish all gemstones...

22 may 2017

De Beers sees sales volumes returning to “more normal” levels

De Beers registered a higher than usual volume of sales in the first quarter following a “strong” rebound in demand levels for lower value stones during the first sales cycle of 2017. The unexpected introduction of demonetisation in India late last year...

15 may 2017

If not gemologists, who else will maintain the image of diamonds in consumers’ eyes?

The Moscow State University’s Gemological Centre created in 1995 trains the specialists in rough and polished diamonds, colour gems, jewellery, characterization, expert evaluation, grading and marketing. The MSU’s lecturers and researchers, scientists...

10 may 2017

Manufacturing should be in line with market demand

Ernie Blom, the President of the World Federation of Diamond Bourses (WFDB) for the third term, has served on a range of industry bodies as an executive as well as chairman for many years, including Chairman, Diamond Dealers Club of South Africa; Chairman...

02 may 2017

UN mulls deploying more troops to CAR diamond-mining town – report

19 may 2017
The United Nations (UN) is planning to send more peacekeeping forces in the diamond-mining town of Bangassou in Central African Republic (CAR) to stop a recent wave of violence.
Bloomberg quoted Stephane Dujarric, spokesperson for UN Secretary-General Antonio Guterres as saying that new clashes erupted in the southern prefectures of Bria and Alindao.
“Unverified figures indicate that up to 100 people may have been killed,” he said.
He said the troops would help “neutralize attackers, protect civilians and facilitate critical humanitarian support to the population”.
CAR was the world’s tenth-biggest diamond producer by value in 2012, according to Bloomberg citing the US Geological Survey.
An internecine conflict broke out in CAR in 2013 when Muslim Seleka rebels seized power from President Francois Bozize, causing retaliations by "anti-balaka" Christian militias.
Diamonds were used to fund operations of the warring groups, a move that forced the Kimberley Process to ban the export of diamonds from the landlocked country.
However, the diamond watchdog partially lifted the ban last year.

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

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