“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

De Beers scaling up Tracr ahead of formal launch

De Beers tracked 100 high-value diamonds along the value chain during the pilot of Tracr™, its industry blockchain platform, for the first time in May last year. A De Beers spokesperson Bianca Ruakere told Rough & Polished in an exclusive interview that...

13 may 2019

The perfect couple - platinum and diamonds

The Jewelry House of Leon Megé located in New York has long been firmly established in the jewelry market as a source of magnificent jewelry, in which platinum and diamonds often sparkle being married together and attracting everyone’s eyes, but are...

06 may 2019

The technology of growing single-crystal diamonds has now become industrial in nature

It is believed that the reserves of natural diamonds will be exhausted by the middle of the century, and therefore production of synthetic diamonds is rapidly gaining relevance. According to Business Insider India’s estimates, the global synthetic diamond...

29 april 2019

De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

22 april 2019

RioZim takes Zimbabwe central bank to court over dollar payments – report

10 october 2018
RioZim, which operates three gold mines, a nickel refinery and holds minority shares in Murowa Diamonds mines, is set to take the country’s central bank to court to force it pay the company in U.S. dollars for part of its output, according to a news agency.
Reuters reports that the firm’s move showed impatience by mining companies over severe dollar shortages being experienced in the country.
RioZim said the Reserve Bank of Zimbabwe had breached its own policy as it was failing to pay U.S. dollars to the miner.
Dollar shortages had deepened since 2016 and were the biggest fear for foreign investors after 20 years of economic hardship under former leader Robert Mugabe, Reuters reports. 

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