If real gems are replaced by artificial stones, it is not the difference in value that sellers may cheat you out, but the very idea that you are to obtain along with a jewelry piece made from a genuine stone

Elena Titova is the Director of the All-Russian Decorative Art Museum. The museum, which she heads, was founded fairly recently (less than 40 years ago), but it is one of the most popular and stylish museums of Moscow, famous, among other things...

12 november 2018

“We'll only work with mines and suppliers that can prove full and unquestionable traceability”, assures David Zabinsky, CEO, TRIGEM

Armed with a Bachelor of Science in Government & Legal Studies, and Spanish from Bowdoin College (Maine, USA), a multi-faceted professional, David Zabinsky has both international public and private sector experience, most recently managing an...

06 november 2018

The diamond market sentiment is cautious at the moment, especially in Europe

Born in Switzerland, Angelika Mavridou relocated to Thessaloniki (Greece) with her family, only to establish her own business JEWELLS GALLERY LTD, which was later transformed to S.A. Prior to venturing into her own business, she studied Gemology...

29 october 2018

Zimnisky talks about pink diamonds, De Beers’ Lightbox

An independent diamond industry analyst and consultant said although exceptional and ‘one-off’ diamonds are hard to assign a value to them, the Pink Legacy will likely fetch $2.64 million per carat when it goes under the hammer next month in Geneva...

22 october 2018

An alliance between a diamond producer and a diamond manufacturer in Russia is simply inevitable and necessary

What is a diamond manufacturer’s margin composed of? What is the profession of diamond processing engineer about? How much time does it take to become a diamond cutter? How does a polishing factory work? The Russian Cut, is it alive? Lightbox from De...

15 october 2018

Zim state-owned firms tussle over control of diamond sales

08 november 2018
State-owned Zimbabwe Consolidation Diamond Corporation (ZCDC) and the Minerals Marketing Corporation of Zimbabwe (MMCZ) are reportedly battling for the control of proceeds from the country’s diamond industry.
ZCDC was currently mining diamonds in Marange while MMCZ was an exclusive agent for marketing and selling of all the minerals produced in Zimbabwe except silver and gold.
Business Times cited unnamed sources as saying that two entities were throwing accusations and counter-accusations of meddling into the marketing of the diamonds.
They also alleged underhand dealings involving senior ZCDC officials and illegal diamond dealers identified as a Lebanese national.
“One of the senior executives at ZCDC (name withheld) met a Lebanese national who approached ZCDC and submitted his proposal to wash diamonds and that Lebanese guy has been involved in illegal buying of diamonds in the country for some time now,” said the source.
“The deal was struck and for the scandal to come to light, the same senior executive called MMCZ insulting officials after his instructions for the Lebanese to get all the diamonds he wanted at MMCZ and ZCDC sort house were frustrated.”
Meanwhile, the newspaper claimed that more than 60 houses in Mutare had been converted into illegal diamond trading centres by a syndicate of foreigners who sourcing the precious stone from illegal artisanal miners.
The diamond trading syndicates are said to have devised sophisticated methods and strategies to evade law enforcement agencies.

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