Fura Gems tempting India with rubies from Mozambique and emeralds from Colombia

A qualified Chartered Account, Dev Shetty heads Fura Gems Inc as President and CEO, who has recently developed world’s largest emerald mine in Zambia and world’s largest ruby mine in Mozambique. Dev started his career in India but moved to the UK in...

15 january 2018

The Exchange plays a significant role in the global jewellery industry - Li Zhiwei, General Manager, GDGJE

Li Zhiwei, has been engaged in the Gems and Jewellery development management in China’s government department for the past 30 years. He served as Vice Chairman of Gems and Jewelry Association of China for more than 10 years and has effectively pushed...

09 january 2018

Yoram Dvash Hits The Ground Running As Second Term Begins

Having completed his first term in office as President of the Israel Diamond Exchange (IDE), Yoram Dvash sat down with Rough & Polished to discuss his achievements during his first period in office, and plans for the second term following his...

04 january 2018

Eurasian Diamond Center should bring profit and open new prospects and opportunities for all its players

The ALROSA affiliate in Vladivostok established in 2016 was headed by Alexey Ivanov about half a year ago. He was charged with the responsibility for developing business on the company's Far Eastern platform and attracting new customers to the Eurasian...

25 december 2017

NDTC to supply rough worth about $400 m this year

The Namibia Diamond Trading Company (NDTC), a joint venture between the Namibian government and De Beers, said it expects to supply rough diamonds worth $390 million this year. The diamond trader, which has 11 sightholders, had a fixed supply...

18 december 2017

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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