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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

Zim drops requirement for foreign mines to list locally – report

06 june 2018
Zimbabwe's Parliament has passed amendments to the mining bill, which dropped clauses that forced foreign mining companies to list locally, according to Reuters citing an official record of Parliament's debates.
New mines minister Winston Chitando had last month promised to get rid of the requirements, which he said caused anxiety among foreign mining firms.
The amendments to the mining bill paved way for the mines minister, after consulting with the president, to designate any mineral as strategic if "it would be in the interests of the development of the mining industry."
Designating a mineral as strategic would grant the government greater control over mining of that mineral, according to Reuters.
The mining bill will also officially recognise small-scale miners, who produce more than 40 percent of Zimbabwe's gold output.

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

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