The Grib Diamond Mine: Geology, Ecology and Industrial Safety

Gennady Piven, First Deputy General Manager of AGD Diamonds JSC, talks about his work at the diamond fields in Yakutia and in the Arkhangelsk Province.

10 december 2018

I have a dream to see India become a world leader in high-end jewellery manufacturing - Sanjay Kothari

An industry leader who needs no introduction to the gem and jewellery industry is Sanjay Kothari…the former chairman of the GJEPC of India has held various positions in the Council including being Convener-Exhibitions for many years before becoming Convener-Promotions...

03 december 2018

Style always reflects culture

Reena Ahluwalia is a multifaceted artist …an award-winning jewelry designer, diamond painter, professor, speaker and a community builder and more. Recognized as one of the Top Masters of Jewelry Design and art in Canada, she has been creating jewelry...

26 november 2018

Botswana Diamonds’ Campbell on Alrosa exit: no exploration JV lasts forever

Botswana Diamonds is currently in talks with a major diamond producer interested in taking over a stake in Sunland Minerals previously owned by Alrosa. The Sunland joint venture was established in 2014 to test existing Alrosa exploration technology on...

19 november 2018

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

Zim limits diamond companies to four, might waiver local ownership threshold

06 december 2018

The Zimbabwean government has approved a new diamond policy that will limit diamond exploration and mining in the country to only four companies, including the state-owned Zimbabwe Consolidated Diamond Company (ZCDC) and Murowa Diamonds.
Mines minister Winston Chitando said Harare settled for only four players for easy monitoring of the mining and selling of diamonds, according to The Herald.
The other two new players were yet to be revealed, although speculation was rife that China’s Anjin would bounce back.
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Image credit: ZCDC


Acting information minister Mangaliso Ndlovu was quoted by NewsDay as saying that any other entity or person with diamond mining title should approach any one of the four approved companies for joint venture agreements.
“Government, through ZCDC, shall control 46 percent and the Local Company Trust – the 5 percent indigenous partners of any foreign investor who intends to undertake diamond mining activities in Zimbabwe,” he said.
However, Ndlovu said government may waiver the local ownership threshold.
“[This is] subject to submission of satisfactory submissions and due diligence, that all rough diamonds produced from all diamond mining operations shall be submitted to the Diamond Value Management Centre, to be established by the ZCDC for cleaning, sorting and valuation, save for Murowa Diamonds,” he said.
The new diamond policy, said Ndlovu, would also see private players participate in value-addition after cleaning and sorting of diamonds upon obtaining the necessary approvals.
As was the case before, 10 percent of rough diamonds produced in the country would be reserved for local value addition.
Zimbabwe revised the empowerment law to limit majority ownership by locals and State-owned companies to only diamond and platinum mines, and not the entire mining sector as in previous legislation.

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