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20.10.2014
AWDC regrets seizure of Zim diamonds, but says not involved in the matter
margaux_donckier_preview.jpgAbout 500 000 carats of Zimbabwean diamonds worth about $45 million that were on sale last month at the Antwerp World Diamond Centre (AWDC) were first attached by Amari Platinum before the Belgian court reversed the seizure, pending a court ruling, which is expected anytime soon. A group of white former commercial farmers also attached the same diamonds on the basis of an International Centre for Settlement of Investment Disputes arbitration award against the Zimbabwean government to compensate the ex-farmers. As the legal battle rages on, the voice of AWDC had been silent and Rough&Polished’s Mathew Nyaungwa sought a comment from the centre’s spokesperson Margaux Donckier, who said they regret the seizure. However, AWDC was quick to point out that they were not involved in the matter. Donckier also commented on the recent closure of the Antwerp Diamond Bank.

13.10.2014
Interaction with clients is a key to understanding what they want and what they need
varuna_jani_preview.jpgVaruna D Jani, an award-winning jeweler ahead of her time, understands that it’s not only about investing but there is also a need of styling and personalization of jewellery. She is known more as an ‘adornologist’ than a ‘jewellery designer’. Belonging to a jeweller family, Varuna imparts knowledge and gives her recommendations on jewelry that suit individual personality. In an interview with Rough&Polished, Varuna revealed her passion for jewellery designing even as a child and her initiation into the business eventually.

06.10.2014
Maxim Shkadov: "We need to create our own sales channel providing maximum penetration to the market"
maxim_shkadov_preview_08113013.jpgTaking into account the ongoing discussion about the future of the Russian diamond industry, Rough&Polished asked Maxim Shkadov, CEO of Kristall (Smolensk), the largest diamond manufacturer in Russia and Europe to answer our questions. In his interview, he expressed his views on the problems currently facing the industry.





Botswana should offload its stake in De Beers – diamond analyst

17.11.2011

A well-known diamond industry analyst has urged Botswana not to consider upping its stake in De Beers but rather offload its current 15 percent shareholding or bundle it into a holding company.
Botswana government had up to 12 months to decide whether to use an option of increasing its stake in De Beers from the present 15 percent to 25 percent following the Oppenheimers’ decision to sell its 40 percent stake to Anglo-American.
Mmegi quoted Even-Zohar as saying that he had never seen any reason why Botswana should hold a stake in De Beers.
He alleged that Botswana only got the (eventual) 15 percent stake in De Beers because neither Anglo nor the Oppenheimer family wanted the other to hold a majority.
"For a country with a gradually depleting resource, it needs shareholders that respect the economic, budgetary and societal aspirations of the Botswana government," Even-Zohar said.
"For Botswana to hold 15 percent (or any percentage) in De Beers does not make much sense and spending these funds in other investments, diversifying out of diamonds, seems preferable.”
He said with the Debswana diamond resources, Botswana should concentrate on domestic mining production.
“Why would you need to have a small stake in a company that owns other mines in Canada, South Africa or Namibia?  You will never have a real say on policies and are only unnecessarily holding on to passive diamond investments, rather than putting the money to more attractive uses,” Even-Zohar said.
He urged the Botswana government to set up a holding company, which would give it a chance to participate and own shares in the diamond resources while convalescing its investments.

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

Rough&Polished

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