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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

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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

Cyclone Idai affects ZCDC Q1 diamond output target

15 april 2019

zcdc_logo.pngZimbabwe Consolidated Diamond Company (ZCDC) will miss its first quarter production target due to Cyclone Idai, which flooded the company’s open pits in Marange and caused minor damages to its plant in Chimanimani, according to a local weekly.
The cyclone claimed at least 268 lives in Zimbabwe last month and most of the casualties were reported in Chimanimani.
"Most of the open pits which were being mined in Chiadzwa were flooded during the heavy rains," ZCDC chief executive Moris Mpofu was quoted as saying by Sunday Mail.
"ZCDC is now in the process of de-watering and re-mapping the pits before mining can commence on affected pits.
"In Chimanimani, ZCDC is in the process of rehabilitating the road network, which was destroyed by Cyclone Idai for the local community, and to regain access into its mining concession.”
He said a preliminary assessment of the situation indicated that minor damage was caused to the plant in Chimanimani Portal E, while the mining pits require de-watering and re-mapping before mining commences.
Fuel shortages and power outages had also added to the company’s woes.
"Notwithstanding these challenges, ZCDC is making frantic efforts to ensure that production against the targeted schedule resumes at the earliest possible time," said Mpofu.
He said mining would likely commence this week in Marange and by end of next month in Chimanimani.
ZCDC was targeting an output of 4,1 million carats this year compared with 2,8 million carats produced last year.

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