Young people in China have become the main force of jewellery consumption

Armed with a Bachelor's degree from Beijing Normal University, Zhuhai, as well as majoring in Franchise Management, Wang was greatly influenced by his parents in the field of jewelry. This has resulted in his unique opinions about innovative design...


ZCDC re-orients diamond valuation plan as it seeks ‘right market price’

At some point experts claimed that the Marange diamond fields contained between 2 and 7 billion carats of raw diamonds and that Zimbabwe was sitting on over 25 percent of the known diamond deposits in the world. Others even put the value of the Marange...

12 march 2018

Art historian Valentin Skurlov: "Faberge, like all court jewelers, actively used diamonds"

Valentin Skurlov is a historian of jewelry art, a candidate of art history, an honorary academician of the Russian Academy of Arts, a scientific secretary and a herald master of the Faberge Memorial Foundation, and a research consultant for the Fabergé...

05 march 2018

Ari Epstein: The diamond trade is stable again

Ari Epstein, CEO of the Antwerp World Diamond Centre (AWDC), dwelled on the results of the past year and the current situation in the diamond market in his interview to Rough&Polished.

26 february 2018

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

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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