Colorless diamonds as an investment class are evolving beyond their traditional ability to preserve, relocate and pass on wealth

Antonio Cecere, the Founder & VP of Monaco Diamond Exchange dons many caps simultaneously. Currently, he is the President of Geneva Diamond Exchange, the President of Diamond Investment Club and the Principal of the Cecere Group. Antonio’s ability to...

15 april 2019

Jewellery with diamonds, even with small ones, sells better than without diamonds

The Yakut jewellery firm Kierge was set up 25 years ago on the basis of the jewellery workshop PKF Yakutrembyttekhnika which, in its turn, was founded way back in the 1970s. Over this period, Kierge turned into a well-established company successfully...

08 april 2019

Lucapa’s Wetherall on the past, present and the future

Lucapa Diamond chief executive Stephen Wetherall recently attended a mining conference, in Cape Town South Africa, where he met Rough & Polished’s Mathew Nyaungwa and granted him an exclusive interview. They discussed Angola’s first international diamond...

01 april 2019

India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...

25 march 2019

“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...

18 march 2019

China to build secret underground military base in Zim to protect diamond claims, gold mines – report

11 april 2019

China is planning to set up a secret underground military base in Zimbabwe to protect its diamond claims and gold mines across the country, where some of its surface-to-air missiles (SAM) launchers are already located, according to a news report.
Zerohedge, citing Spotlight Zimbabwe, reports that China would dispatch its elite special force to the southern African country.
“They (China) have been itching to set a permanent military presence in this country, to protect their vast economic interests here but (former President Robert) Mugabe was resisting the overtures,” an unnamed former cabinet minister was quoted as saying.
“Although the cover argument was around offering technical assistance and support to our armed forces, it later became clear that (President Emmerson) Mnangagwa had his own agreement and arrangements with China. 
“This infuriated Mugabe…the rest is history. Mnangagwa has since invited China back to mine diamonds in Marange, and their special force has received the greenlight from vice president Rtd General, Constantino Chiwenga, to find a station in the country.
“Now there is every reason to believe that Mugabe’s November 2017 ouster, could have been a result of China viewing his stay in power as a threat to their economic investments, especially after having stripped them of diamond mining rights.”
Anjin Investments, a joint venture between China’s Anhui Foreign Economic Construction Group (AFECС) and Matt Bronze, which is owned by the Zimbabwe National Army, was recently said to have returned to resume operations in Marange.
Anjin was evicted from Marange in February 2016 after Mugabe’s government accused miners of looting diamonds.  
The new administration in Harare selected Anjin and Russia’s Alrosa last January as the two foreign companies to partner the state-owned Zimbabwe Consolidated Diamond Company (ZCDC) in exploring and mining diamonds. 
Anjin would invest an initial $20 million to restart operations in Marange, according to Zimbabwe’s mines minister Winston Chitando.

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