“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

18 march 2019

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

Zim to commission new plant in Marange, eyes 3 mln cts of diamonds

03 august 2018
The Zimbabwean government said it will soon commission a new plant for crushing and recovery of diamonds in Marange.
Mines minister Winston Chitando was quoted by NewsDay as saying that the move would boost diamond output.

Image credit: ZCDC

The government-backed $80 million recapitalisation programme enabled the acquisition of mining equipment from Belarus.
Meanwhile, the Zimbabwe Consolidated Diamond Company (ZCDC) chief executive officer, Morris Mpofu, said they were targeting to produce 3 million carats of diamonds this year.
 “We have hit one million mark in the first four months of the year and we are targeting to produce about three million carats at the end of the year, up from 1, 8 million produced last year because we are set to start processing at a new conglomerate crushing and diamond recovery plant that was constructed in Marange,” he was quoted as saying.
“The plant will have the capacity to crush 450 tonnes of ore per hour and this means it will have the capacity to produce 600,000 carats at full throttle annually, but we will start off at half our capacity.”

Mathew Nyaungwa, Rough&Polished