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24.11.2014
Zim mines minister speaks on the streamlining of operations in Marange
walter_chidhakwa_preview.jpgZimbabwe said recently that it had started merging diamond mining firms in Marange to streamline their operations and ensure accountability of proceeds. Rough&Polished’s Mathew Nyaungwa caught up with the country’s Mines and Mining Development Minister Walter Chidhakwa on the sidelines of a diamond conference held early this month in Harare and asked him about the latest on this development. Chidhakwa revealed that Harare would set up a company called Zimbabwe Diamond Mining Company that would house Marange Resources, as a strategic business unit. He also noted that government was still negotiating with other mining companies currently operating in Marange over the rationalisation of their operations.

17.11.2014
“Fancy colours remain a niche category for which awareness and demand is yet to be strongly created”, says Suraj Shantakumar
suraj_shantakumar_preview.jpgSuraj Shantakumar is the Director, Business Strategy, of Kirtilal Kalidas Jewellers Pvt Ltd and a key shareholder and director of various family businesses. He graduated in Business Management (Finance) from the California Polytechnic State University. This versatile 27 year old is involved in the management of the family’s many businesses starting with Kirtilal Kalidas Jewellers Pvt Ltd, Vispark Jewellery Manufacturers Pvt Ltd, Suraj Agro Infrastructure Pvt Ltd and Benchmark Softec India Pvt Ltd. Bringing ideas that are fresh and out of the box, Suraj Shantakumar has a strong desire to constantly incorporate the best from across the globe into the operations he is overseeing.

10.11.2014
Pyotr Fyodorov: "The entire world is familiar with Yakut diamonds"
pyotr_fyodorov_preview.jpgEPL Diamond, Yakutia’s diamond manufacturing flagship, has reached its 20th anniversary. It is largely due to this company the notion of "Yakut diamonds" (as it happened before to the Russian Cut) traveled around the world turning into a brand. Pyotr Fyodorov, the founder and CEO of EPL Diamond, answered the questions from Rough&Polished telling about the factors behind this success story and about the company’s further goals.





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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