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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...

Yesterday

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

ZCDC produces 1 mn cts in first four months

07 may 2018
Zimbabwe Consolidated Diamond Company (ZCDC) said it produced 1-million carats of diamonds in the first four months of the year in line with its production target for the period.
"We hit the 1-million carats target for four months within three months and 27 days. As of the month of April, the target was 250,000 carats and we have already hit 251,713 carats before the month end," company chief executive Moris Mpofu was quoted by The Herald newspaper.
"This shows we are on course to achieve 3-million carats for the year because we have seen great improvement, which will see the increase in our levels of confidence in terms of the conglomerate diamond reserves in [Marange]."
The state-owned diamond company produced 751,303 carats in the first quarter compared to 422,518 carats mined in the same period last year.
Meanwhile, Mpofu said ZCDC would commission a 450 tonne per hour conglomerate crushing plant as well as procure new mining and exploratory equipment from Belarus as part of the Government-backed $80 million recapitalisation programme.

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

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