Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

18 june 2018

The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018

Our first priority is to better understand artisanal and small-scale mining - Elodie Daguzan

The Diamond Development Initiative (DDI), the organization dealing with the traditional diamond mining, recently announced the appointment of Élodie Daguzan as its first Goodwill Ambassador. Ms. Daguzan, who currently works as head of communication...

04 june 2018

Zimnisky on De Beers’ Lightbox: It’s a strategic, bold move that will benefit the entire natural diamond industry

De Beers shocked all and sundry end of May when it announced the launch of a new company called Lightbox Jewelry, which will market a new brand of laboratory-grown diamond jewellery in September. This effectively meant that the group had departed from...

01 june 2018

Tracking the provenance and lifecycle of a product is a natural and necessary evolution in our industry

A senior executive with a demonstrated history of working globally at management and board levels, Marcus ter Haar has been the Managing Director at Okavango Diamond Company (ODC), Botswana for about 10 months now, prior to which he held the...

28 may 2018

Ex-Marange diamond miner wants seized stones, cash back

12 january 2018

New Zimbabwean president Emmerson Mnangagwa has been asked by a local businessman Lovemore Kurotwi to help him recover $17 million seized by the State when his company, Canadile Miners, was allegedly pushed out of the Marange diamond fields by former Mines minister Obert Mpofu.
The businessman, according to a NewsDay report, said his company lost $3,6 million cash, 1,4 million carats of diamonds and mining equipment worth $14 million which he invested in Marange.
"We were given this concession in partnership with Marange Resources, a government mining company under the auspices of ZMDC (Zimbabwe Mining Development Corporation). In fact, ZMDC guaranteed the partnership," said Kurotwi.
"However, as is on record, former Minister of Mines Obert Mpofu asked me for a bribe of $10 million. Upon my refusal to give him this bribe, minister Mpofu caused my arrest on unfounded allegations of fraud. Again, as is now public knowledge, I was acquitted by the courts of law for these trumped-up charges."
Mpofu, who was now the country’s home affairs minister and in charge of the police, had previously denied the allegations levelled against him saying that Kurotwi was poor to even afford a bottle of water.
Kurotwi said he had evidence to back up his claims and pleaded with Mnangagwa to help him facilitate "restitution of our assets as stated".
His previous appeal to former President Robert Mugabe fell on deaf ears.
Mnangagwa had been preaching against corruption, a move that has seen some former ministers being dragged to the court.
However, the arrests made so far were allegedly of ministers who were part of a faction led by  the wife of Mugabe who was ousted last November in a de-facto military coup.

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


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