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27.07.2015
History is being made here in Panama, and I feel fortunate to be part of it - Eli Izhakoff
eli_izhakoff_x.jpgEli Izhakoff, Chairman, World Jewelry Hub, Panama and Founding Chairman, Panama Diamond Exchange is also an Honorary Lifetime President of a host of Global organisations like World Federation of Diamond Bourses, World Diamond Council, CIBJO, the World Jewellery Confederation, Diamond Dealers Club of NY,Diamond Industry Steering Committee and Bangkok Diamond and Precious Stones Exchange. Here, Eli Izhakoff talks to Rough&Polished about the issues being faced by the global diamond industry currently; and about the WJH, he is more than confident by proclaiming “History is being made here in Panama.”

20.07.2015
DTZ-OZGEO is steadily increasing production and exploration
bornwell_mupaya_x.jpgDTZ-OZGEO discovered a diamond field in Chimanimani, Zimbabwe in 2010 where it is currently mining diamonds. After the superficial weathered rock was mined and processed, the company’s operation is now focused on the diamond-bearing conglomerate being developed by way of drilling and blasting. Bornwell Mupaya, Deputy Managing Director of DTZ-OZGEO is narrating about his company’s achievements during two decades of its existence in his interview to Rough & Polished.

13.07.2015
As the demand for polished diamonds is not picking up, the rough supply situation is comfortable in India - Vipul Shah
vipul_shah_x.jpgVipul Shah, is the CEO & MD of Asian Star Co. Ltd., a market leader in the Indian gem and jewellery industry. The present gloomy scenario in the global diamond industry is a worrisome factor on everybody’s mind. Not surprising that the Indian Industry is hard hit as well, with multiple challenges to tackle. However, the Indian diamond industry, which is known for its resilience has weathered many a storm in the past. But, how is it planning to survive this onslaught, which is bigger than anything it has faced till now? Vipul Shah answers ROUGH&POLISHED here, with great élan.





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

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