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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...

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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

Mugabe will no longer give evidence on missing Marange diamond revenue – report

15 june 2018
Zimbabwe former president Robert Mugabe will no longer appear before a parliamentary portfolio committee on mines to give oral evidence about Marange diamond revenue pillaged during his rule, according to media reports.
He failed to turn up twice.
“The former President … was unable to attend at the appointed hour and the committee was due to meet to consider summoning him as a measure of last resort but after consultations with the Honourable Speaker, he was recused from attending,” the Herald newspaper quoted committee chairperson Temba Mliswa as saying.
Mugabe claimed in 2016 that the country got only $2 billion from about $15 billion realised from the sale of diamonds since mining began in Marange in 2006.
Reuters cited an unnamed parliament official close to the issue as saying last month that it was unlikely Mugabe would appear before the committee because this was opposed by some influential ruling ZANU-PF politicians.

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

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