Is it worth buying a diamond ring?

Today, the internet provides a piece of free-flowing information to everyone worldwide. Keeping the prices of any product secret is near to impossible. Social media and consumer feedbacks are challenging for a company to set prices on their own. The...

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New Angolan diamond marketing policy helps lift rough prices – Wetherall

The Angolan administration of President João Lourenço introduced technical regulations for its new diamond marketing policy in 2018 whose objective was to improve the attractiveness and competitiveness of the national diamond industry and grow outside...

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LGDs will continue to be an option for consumers, from the high-quality bridal market to the fashion market

Richard Garard is a founding member of the International Grown Diamond Association, which was established in 2016.  He serves on the Executive Committee of IGDA as President and Secretary General. IGDA was created to represent, promote and...

10 january 2022

Everything is design and design is everything

Born in the Basra pearls family, the first private jewelers to royal families, Ashraf Motiwala is the fourth generation to carry forward the legacy of A S Motiwala. Spearheading the prestigious family legacy, Ashraf Motiwala felt the need to breathe...

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Typical Jeweller is the initiative to promote the Russian jewellery industry

Typical Jeweller is one of the largest websites on the Russian Internet for the new generation jewellers. The total audience, including social media, is over 100,000 people per month. Every day, the latest news from the jewellery industry, educational...

27 december 2021

ZCDC lacks capacity to mine kimberlites, says Zim NGO

19 april 2017
Centre for Natural Resource Governance (CNRG) said the Zimbabwe Consolidated Diamond Company (ZCDC) does not have the capacity to mine kimberlitic diamonds.
It said the wholly owned state company, which was set up early last year had no equipment of its own and would likely court foreign investors to partner it in Tsvingwe (Penhalonga), which was believed to hold kimberlitic diamonds.
“A 50/50 joint venture is likely to be negotiated between ZCDC and its partner. This will most probably follow the Marange model where the ruling elites identified some obscure companies with whom they made secret deals that prejudiced the country of more than $15 billion,” it said.
“Given the unceremonious cancellation of mining licenses of Marange diamond firms, serious diamond mining companies are unlikely going to take the Tsvingwe offer. Most probably the partner will still come from China or Russia.”
ZCDC disclosed early 2017 that it was in discussions with local banks to secure up to $300 million worth of credit to finance the purchase of mining gear and expansion of its operations.
 “If the Tsvingwe find is confirmed then the project is going to be capital intensive given that it will involve sinking shafts to depths of about 300-500 metres,” CNRG said.
“Currently ZCDC has failed to engage in large scale diamond mining in Marange, resulting in the influx of thousands of artisanal miners who are taking advantage of the vacuum created by the companies that were pushed out.”
Meanwhile, the Penhalonga area had always been known for its rich gold deposits which were mined since pre-historic times.
CNRG said hundreds of artisanal miners were doing gold panning throughout Penhalonga, Tsvingwe and the surrounding estates and yet none had ever stumbled on a diamond.
“This has led some to speculate that it is gold they want to mine but for some unknown reasons they do not want to reveal it now,” it said.

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