“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

Russia assumes the position of Kimberley Process Vice Chair in 2019 to become its Chair in 2020

10 january 2019
The Russian Federation became the Vice Chair of the Kimberley Process (KP) from January 1, 2019 and is to turn its Chair in 2020, replacing India. This was announced by Russia’s Ministry of Finance in a press release distributed on Thursday.
In 2018, Brussels hosted a Plenary Session of the Kimberley Process attended by the KP member-countries. Based on the results of the Plenary outlined in its final communique, it was decided to nominate Russia and Botswana for the position of Kimberley Process Vice Chair in 2019. Under the procedural rules of the KP, the candidate countries were to conduct negotiations between themselves and determine the sequence of their vice-presidency until December 31, 2018.
In order to implement the final communiqué, as well as to adopt a consensus decision, the state agencies of the Republic of Botswana and Russia held a meeting of their representatives at the end of 2018 in Dubai.
Following the negotiations, both sides decided that Russia will assume the position of Kimberley Process Vice Chair in 2019 to become the Kimberley Process Chair in 2020, while the Republic of Botswana will become the Kimberley Process Vice Chair in 2020 and then will chair this organization in 2021.
“The reached agreement suits both countries and contributes to the strengthening of cooperation between Russia and Botswana, also providing an opportunity to work more fruitfully in the framework of the Kimberley Process,” said Deputy Finance Minister Alexey Moiseev commenting on the results of the negotiations.
The Kimberley Process is an international initiative under the aegis of the United Nations led by the governments of more than 80 participating States. Founded in 2000 in Kimberley (South Africa), the Kimberley Process has since been joined by diamond producing and diamond importing countries, which aim to exclude from international trade the so-called “conflict” diamonds used for arming and supporting anti-government and terrorist organizations. The Kimberley Process provides control over export and import operations covering up to 99% of the global diamond turnover. Today, the Kimberley Process appears to be the main global platform for regulating the turnover of rough natural diamonds.