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...

Yesterday

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

Chasing a dream…

Elina Chan, MD of Shenzhen Shi Qing Yu Zhubao Ltd completed her higher education from Xiamen University and Master’s degree from Hong Kong University. To achieve her dream to start a business, Elina gave up numerous job opportunities in Hong Kong and...

06 august 2018

Pangolin Diamonds using termites to find kimberlite indicators in Botswana

It is not a secret that the rate of kimberlite discovery in Botswana has dropped considerably and research has shown that termites can help diamond explorers have an understanding of the transport mechanism of kimberlite indicator minerals from the kimberlite...

30 july 2018

In another fifty years, we’ll have a different scale of valuation, and all those items of natural origin – including diamonds – will sharply increase in price

Within the framework of the Qatar-Russia 2018 Year of Culture, the World Diamond Museum hosts an exhibition of the Qatar Museums at the State Historical Museum in Moscow – "Pearls: Treasures of the Seas and the Rivers," that opened on 11 July...

24 july 2018

Zim probes pillaging of Anjin assets as it seeks to resume diamond mining

08 may 2018
The Zimbabwean government is allegedly investigating the “looting and stripping” of Anjin Investments’ assets worth millions of dollars during the two years it has not been operating in Marange, a local weekly reports.
Harare, under the rule of then president Robert Mugabe, didn’t renew mining licences of mining companies that were operating in Marange early 2016 for failure to remit taxes and royalties.
The Zimbabwe Independent quoted company general manager Shingi Manyeruke as saying, "Anjin had maintained a presence in Marange since 2016 as they were not consolidated under the Zimbabwe Consolidated Diamond Company (ZCDC) due to the court application it filed challenging government's decision to terminate its mining rights."
"We are still on the ground in [Marange] looking after our facilities, the only setback has been the rampant looting and stripping of production infrastructure,” he said.
“The abrupt shutdown of the mine and subsequent looting and asset stripping posed a significant risk to the investment. There are investigations on the matter by relevant government-related organs currently ongoing. We are waiting for findings from the aforesaid investigations."
Manyeruke said the resumption of production would hinge upon the outcome of the Constitutional Court case and new diamond legislation government was crafting.
However, the Zimbabwe Environmental Lawyers Association (Zela) recently raised suspicions that the miner was resuming operations as its premises were being spruced up.
Anjin’s shareholders were Anhui Foreign Economic Construction Company Ltd of China (Afecc) and Matt Bronze, an investment vehicle controlled by Zimbabwe's military.
The army led the removal of Mugabe in November 2017 and the former military chief was now the country’s vice president.

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