Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Zim First Lady in $1.4m diamond ring storm

20 december 2016
Zimbabwe’s First Lady Grace Mugabe is allegedly involved in a nasty legal fight with Jamal Joseph Hamed, a gem trader in the United Arab Emirates, over a diamond ring worth $1.35 million.
The Source news agency claimed that according to Hamed’s legal papers, Mrs Mugabe placed an order for a $1.35 million 10 carat diamond in April 2015.
A payment was then made in May 2016, but she later changed her mind before taking delivery of the diamond.
“The second respondent (Mrs Mugabe) placed an order for a diamond with my daughter in Dubai, which she indicated her husband wanted to buy her for their anniversary,” Hamed deposed in an affidavit in a case he is suing the first lady, her son and an aide for invading three of his Harare properties in a bid to force him to reverse the diamond deal.
“The transfer was ultimately done in May 2016 and the diamond was tendered to the second respondent (Mrs Mugabe) in Dubai.
“Surprisingly, the second respondent refused to take delivery of the diamond and instead demanded a full remand in Dubai.”
The Source further reported that Hamed explained to Mrs Mugabe that costs had been incurred in sourcing and polishing the diamond.
He said should they make a refund it would have been back into the Zimbabwe account from which the transfer had been done to avoid charges of externalisation of funds.
“Regrettably, instead of approaching my legal practitioner with repayment proposals to be incorporated into an agreement, or accepting tender of the diamond, the…respondents commenced a reign of terror and harassment where I was verbally threatened, harassed, insulted and told that I could not anything to them as they are in fact ‘Zimbabwe’,” said Hamed.

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