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Investment community wants and needs more transparency

Yaniv Marcus, Managing Partner, YAD Global Advisors Ltd & Founder, Diamond Investment & Intelligence Centre (DICE) began his career in the investment community as a Certified Financial Planner (CFP) as well as a Portfolio Investment Manager (CIM)...

Yesterday

Lucara in no rush to sell 1,109 ct diamond after London setback – Lamb

Lucara Diamond said it is not in a hurry to sell the 1, 109 carat Lesedi La Rona recovered in Botswana after bidders failed to reach the reserve price at a public auction in London mid this year. The company said at the time that the failure of the diamond...

28 november 2016

Angola‘s geological survey nears completion

Angola had for the past few years been conducting a geological survey as part of the National Geology Plan (Planageo). The programme was initially slated to complete by the end of 2015, but the geological institute of Angola general director Mankenda...

21 november 2016

Normalcy has returned to Indian jewellery industry, despite remaining tax issues

G.V. Sreedhar, Chairman of the All India Gems & Jewellery Trade Federation (GJF) since 2015, was associated with the organization since its inception. He is also the Past President of the Jewellers Association, Bangalore [JAB]. Under his guidance...

14 november 2016

Diamond club eyes fair trade environment in Sierra Leone

Sierra Leone emerged from a brutal civil war – which was fuelled by illicit diamond trading – that left tens of thousands without limbs and worse still dead. The war, which lasted for 11 years ended in 2002 and the West African nation became a member...

07 november 2016

Diamond Revenue to Fund Grants for Zimbabwe’s Students

27 january 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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