“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

Zim to double diamond auctions this year – report

10 january 2019

Zimbabwe is set to convene 10 diamond auctions in 2019 from last year’s five in a bid to rake in more revenue from the precious stones, according to a report citing the country’s minerals marketing agency.
The State-owned Minerals and Marketing Corporation of Zimbabwe, which markets all country’s minerals except gold and silver, was quoted by The Herald newspaper as saying that dates for the proposed 10 diamond auctions would be finalised with the Zimbabwe Consolidated Mining Company (ZCDC).
MMCZ’s 2018 auctions attracted buyers from the Middle East, Europe and Africa.
However, the revenue accrued from the diamonds sold was not made public.
The increased number of auctions was expected to help ZCDC sale its 3,2 million carats stockpile.
ZCDC was mainly mining conglomerate diamonds in Marange while exploration for kimberlite diamonds in Mwenezi was said to have also started.
Zimbabwe announced a new diamond policy late last year, which was expected to strengthen regulatory activities in the sector and ensure accountability.
The policy would allow ZCDC, Murowa Diamonds and two other companies to undertake diamond exploration and mining in the country.
Mines and Mining Development Minister Winston Chitando had reportedly invited De Beers and Vast Resources to explore for diamonds in Zimbabwe.
However, De Beers downplayed the invitation.

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