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

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

Growing calls for Zim to scrap indigenisation threshold on diamonds, platinum

04 june 2018
The Chamber of Mines of Zimbabwe (COMZ) has once again urged government to drop the 51/49 indigenisation threshold on diamonds and platinum to promote investment, according to a local daily.

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Image credit: Chamber of Mines of Zimbabwe


Harare relaxed the indigenisation threshold for all minerals except platinum and diamonds.
COMZ president Batirai Manhando was quoted as saying that locals cannot afford to raise capital for 51 percent ownership.
“We appreciate the government’s position to relax other minerals, but I think this should have been extended to all minerals, more so, if you look at platinum and diamonds, which are very capital intensive minerals,” he said.
“We need more than $5 billion capital for their mining and beneficiation and these require foreign direct investment, and if we stick to the 51/49 threshold we are restricting FDI (foreign direct investment) and investors will not bring in their money.”
Manhando said investors would be wary of investing where they do not hold the majority shareholding.
Meanwhile, the country’s central bank governor John Mangudya said the mines ministry was seized with the issue to ensure that government comes up with a good policy.
“Anything that increases production in the country is needed,” he said.

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