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25.05.2015
Gemstone dealers are richer than us, Tanzania small scale miners mourn
olam_mustapha_x.jpgTanzania’s Tanga Small Scale Miners Association said it is not happy with the manner in which gemstone dealers in the East African country are profiteering from their hardwork. The association chairperson Olam Mustapha told Rough & Polished’s Mathew Nyaungwa on the sidelines of the Arusha Gem Fair in Tanzania last month that the dealers were buying stones for as low as $10 per gram and then obtain $100 per gram or even $200 per gram when the same stones are sold abroad. Below are excerpts of the interview.

18.05.2015
Demand for diamond jewelry has traditionally been and will be there in spite of crisis situations
valeri_ilyinykh_x.jpgUralskaya Yuvelirnaya Kompaniya (Ural Jewellery Company), Yekaterinburg, holds strong positions on the Russian jewellery market and specializes in the manufacture and wholesale of trendy and classic jewellery made of precious metals, precious and semi-precious gems. Along with exclusive jewellery studded with precious gems, it manufactures big lots of inexpensive and quality jewellery. It has a reputation of a reliable and responsible partner. Valery Ilyinykh, the company’s CEO, gave his answers to questions from Rough&Polished.

12.05.2015
Mira Gulati, Founder and Principal Designer of Mirari
mira_gulati_x.jpgA trained jewellery designer and gemologist from the Gemological Institute of America (GIA), Mira Gulati created the brand ‘Mirari’ to cater to India’s growing demand for luxury jewellery with a contemporary edge, as well as the international market’s craving for aesthetic of the Indian classic treasures. Even before embarking on this journey, Mira worked at several jewellery stores in California to develop her skills in sales, operations, security and dealing with clients. Armed with education and experience, Mira ventured confidently into the business of her dreams.





Diamond Revenue to Fund Grants for Zimbabwe’s Students

27.01.2012

Zimbabwe’s government plans to use some of the revenue from the sale of its rough diamonds to reinstitute grants for students, the University World News reports cited by Israelidiamond.co.il.
According to the UWN, none of Zimbabwe’s government-run universities have been able to supply student grants or loans for over a decade.
In his budget statement for 2012, Finance Minister Tendai Biti stated that he was allocating $25 million for student grants and loans, a sum he expected to see matched by banks, including Barclays.
The decision to use diamond money to benefit the country’s students is reportedly a tactic to win support in the international community for the sale of Zimbabwe’s diamonds. Although the Kimberley Process lifted its embargo against Marange diamonds in November, the subject remains controversial.

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