“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

Fresh push to ban sale of Zim diamonds

12 march 2019

The Kimberly Process Civil Society Coalition has called on the diamond watchdog to classify Zimbabwe's stones as conflict diamonds to prevent their sale on the formal market.
Natural Resource Governance director Farai Maguwu was quoted in a communique released by a coalition of the civil society organisations as saying that the army in Zimbabwe was involved in human rights abuses in the country’s diamond fields.
"The Civil Society Coalition highlighted the dangerous implications of the involvement of military officials in diamond mining or trading for national and international stability,” reads part of the communique. 
The civil society coalition once lobbied for the expulsion of Zimbabwe from KP a decade ago following allegations of human rights abuses in the Marange diamond fields.
Apart from Zimbabwe, they also raised concerns about human rights abuses in Angola, DRC and Venezuela.
Meanwhile, the International Peace Information Service (IPIS) director Filip Reyniers proposed that the UN expand the definition of conflict diamonds to incorporate those mined with the involvement of the army in any given country.
"IPIS director Filip Reyniers presented on some of the lessons that can be learned from the conflict diamond issues affecting the Central African Republic (CAR),” reads the communique.
“These include the need to expand the definition of what constitutes a conflict diamond — a restriction that impeded KP intervention in the CAR to prevent a brutal part-diamond funded rebel coup in 2013." 
He said KP risks to focus more on continued trade than on peace and security-focused interventions, as a result of UN’s lack of deeper engagement in the diamond watchdog.
"It is time to move the KP beyond noble words. If the KP does not both reform and start seriously implementing existing recommendations, it will truly remain nothing more than a gilded talking shop,” said Reyniers.

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