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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...

Today

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 says illegal diamond mining a cause for concern

05 june 2018
The Zimbabwe Consolidated Diamond Company (ZCDC) said the illegal mining of diamonds in Marange by artisanal miners is a cause for concern as this has resulted in fatalities that affected the image of diamond mining in the country.

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Morris Mpofu                                                                                                                           Image credit: ZCDC


Company chief executive Morris Mpofu said Harare should deal with illicit trade in diamonds by black market syndicates that were bankrolling the illegal miners.
“Most of the illegal miners are not from [Marange] and they usually come prepared to pay a $30 fine if they are caught because they are funded by the illegal market,” he was quoted as saying by the Herald.
“As long as we don’t address the challenge of black market in the diamond industry, we will continue to have problems compromising product security. These people are impacting on the value of the diamond that is benefitting the community so we need to work together to stop them.”
He also said that there was need for cooperation of all stakeholders to restore the integrity of diamond mining and bring sanity to the sector.
“The global stakeholders such as the Kimberley Process Certification Scheme, the World Diamond Council and the African Diamond Producers’ Association are key watchdogs to ensure that there is sanity in the mining of diamond,” he said.
“So, what is important is for us as a collective unit to have one common objective – to preserve the integrity of the diamond mining in the country so that our diamonds can be sold internationally. We need to engage each other when there is a threat to that integrity.”

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

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