Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 2018

Debate on the main issues affecting the diamond business is absolutely critical - Ernie Blom

Having taken part in the fruitful discussions with the world leaders at the Asian Summit held recently in Vladivostok, Ernie Blom, President, World Federation of Diamond Bourses (WFDB) now looks forward to taking the worthy inputs received at...

10 september 2018

Reflecting the nature of the industry, US jewellery market is significantly seasonal with great ‘ebb and flow’ in demand, opines Vin Lee

Vin Lee, CEO of Beverly Hills-based Grand Metropolitan, a privately-held luxury goods holding company had migrated from Canada as a child. And one can see that it did not take him long to ascend the US luxury world, establishing himself as a formidable...

27 august 2018

Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

20 august 2018

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 2018

Ex-Marange diamond miner wants seized stones, cash back

12 january 2018

New Zimbabwean president Emmerson Mnangagwa has been asked by a local businessman Lovemore Kurotwi to help him recover $17 million seized by the State when his company, Canadile Miners, was allegedly pushed out of the Marange diamond fields by former Mines minister Obert Mpofu.
The businessman, according to a NewsDay report, said his company lost $3,6 million cash, 1,4 million carats of diamonds and mining equipment worth $14 million which he invested in Marange.
"We were given this concession in partnership with Marange Resources, a government mining company under the auspices of ZMDC (Zimbabwe Mining Development Corporation). In fact, ZMDC guaranteed the partnership," said Kurotwi.
"However, as is on record, former Minister of Mines Obert Mpofu asked me for a bribe of $10 million. Upon my refusal to give him this bribe, minister Mpofu caused my arrest on unfounded allegations of fraud. Again, as is now public knowledge, I was acquitted by the courts of law for these trumped-up charges."
Mpofu, who was now the country’s home affairs minister and in charge of the police, had previously denied the allegations levelled against him saying that Kurotwi was poor to even afford a bottle of water.
Kurotwi said he had evidence to back up his claims and pleaded with Mnangagwa to help him facilitate "restitution of our assets as stated".
His previous appeal to former President Robert Mugabe fell on deaf ears.
Mnangagwa had been preaching against corruption, a move that has seen some former ministers being dragged to the court.
However, the arrests made so far were allegedly of ministers who were part of a faction led by  the wife of Mugabe who was ousted last November in a de-facto military coup.

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