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

ZCDC says illegal diamond mining a cause for concern

05 june 2018
The Zimbabwe Consolidated Diamond Company (ZCDC) said the illegal mining of diamonds in Marange by artisanal miners is a cause for concern as this has resulted in fatalities that affected the image of diamond mining in the country.

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Morris Mpofu                                                                                                                           Image credit: ZCDC


Company chief executive Morris Mpofu said Harare should deal with illicit trade in diamonds by black market syndicates that were bankrolling the illegal miners.
“Most of the illegal miners are not from [Marange] and they usually come prepared to pay a $30 fine if they are caught because they are funded by the illegal market,” he was quoted as saying by the Herald.
“As long as we don’t address the challenge of black market in the diamond industry, we will continue to have problems compromising product security. These people are impacting on the value of the diamond that is benefitting the community so we need to work together to stop them.”
He also said that there was need for cooperation of all stakeholders to restore the integrity of diamond mining and bring sanity to the sector.
“The global stakeholders such as the Kimberley Process Certification Scheme, the World Diamond Council and the African Diamond Producers’ Association are key watchdogs to ensure that there is sanity in the mining of diamond,” he said.
“So, what is important is for us as a collective unit to have one common objective – to preserve the integrity of the diamond mining in the country so that our diamonds can be sold internationally. We need to engage each other when there is a threat to that integrity.”

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