“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

Yesterday

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 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