New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing...

Today

The majority of women don’t care whether their diamonds are mined or lab grown - Alex Popov, CEO of Âme

Alex Popov, President of the Moscow Diamond Bourse and former Chairman of the World Diamond Mark Foundation (WDMF) launched a new jewelry brand under the name of Âme focused on design and using lab grown diamonds to produce jewelry meant to meet...

14 january 2019

At IDE, we encourage innovation throughout the bourse and have even opened a technological incubator to host start-ups - Yoram Dvash

A first generation diamantaire, Yoram Dvash founded ‘Y Dvash Diamonds Ltd’ in 1991 in Israel. While the company grew and made progress under his leadership, Dvash joined industry organizations such as the Israel Diamond Manufacturers Association (IsDMA)...

09 january 2019

Cooperation and collaboration are the development trend of today

Pavel Grankin runs the Slava Group of companies and holds the Slava trademark (‘Slava’ means ‘Glory’ in Russian). He has graduated from the Mozhaisky Military Space Academy. He did his military service at the Plesetsk Сosmodrome from 1987 to...

04 january 2019

De Beers speaks on Zim invitation to explore for diamonds again

De Beers’ exploration team landed in Zimbabwe in 1993 and left in 2006, however, they first prospected for diamonds in Marange in the late 1990s. Harare, under the leadership of the then president Robert Mugabe, alleged that De Beers looted diamonds...

24 december 2018

Angola extends fight against illegal diamond mining

14 january 2019

Angola has extended an operation, which seeks to combat illegal diamond mining and immigration, to cover seven provinces, according to Angop news agency.
The provinces were Huambo, Huila, Cuanza Sul, Cuanza Norte, Cunene, Benguela and Cabinda.
A spokesperson for the operation António José Bernardo was quoted as saying that the operation would control the Angolan maritime perimeter.
The Angolan government was also said last November to have closed 279 diamond trading stores for not declaring their sales to the concerned state organs.
The authorities also cancelled licences of 122 co-operatives engaged in diamond exploration.
Police seized equipment used in the irregular exploration of diamonds.
They also confiscated just over $1 million, about R1 million and more than 12,000 carats of diamonds.
Over 400,000 illegal immigrants who resided in diamond-rich areas were said to have left the country voluntarily, while 14,636 others were deported.
However, the Human Rights Watch said the immigrants were forcibly deported and urged Angola to suspend the deportation of refugees from the Democratic Republic of Congo as well as conduct a prompt and impartial investigation into alleged abuses by state security forces.
The United Nations alleged that Angolan security forces and allied ethnic Tshokwe youth shot dead at least six Congolese during Operation Transparency in Lunda North province bordering Congo. 
However, Luanda denied that its security forces committed human rights abuses against migrants during the operation.

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