The diamond business is yet bright and has a good future in the coming days

Hitesh Patel, Managing Director of Dharmanandan Diamonds Pvt. Ltd., joined the family business in 1997 to help his father Laljibhai Patel, the founder of Dharmanandan Diamonds Pvt. Ltd. Egged on by its success, Hitesh set up the overseas presence of...

Today

The talk around LGDs is all hype

As a teenager, Luca Luterbacher began to design and manufacture single pieces and individual items for wealthy private family friends from Switzerland and Lichtenstein. In 2017, he finally invested in his own luxury trademark "Luterbacher."...

12 august 2019

Correct adjustment of advertising is the major challenge

At the recent Amberforum held in the Baltic city of Svetlogorsk, Andrey Yanchevsky, Head of the trade representation of the LA VIVION jewelery company shared his opinion with the correspondent of Rough&Polished on the state and prospects of the jewellery...

05 august 2019

Small-scale diamond mining is the future in Botswana – Leon Daniels

Pangolin Diamonds, which is currently the most active diamond exploration company in Botswana, has called upon authorities in the southern African country to include diamonds into the minerals permit for small scale mining operations. Pangolin chief...

29 july 2019

“There has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

22 july 2019

ZCDC mulls lifestyle audit of employees following diamond robberies

19 july 2019

news_19072019_zcdc.pngThe Zimbabwe Consolidated Diamond Company (ZCDC) is set to audit the lifestyle of its employees following diamond robberies in Marange, a local weekly reports.
“We are … carrying out multi-layered extensive surveillance and thorough vetting of employees including lifestyle audits,” ZCDC acting chief executive officer Roberto di Pretto was quoted as saying.
“The security around [Marange] is being enhanced through additional technological systems with a view to raise our security to world-class standards around the clock.”
Large quantities of diamond ore were stolen from the ZCDC in January 2019 by a gang of armed men in millitary gear.
Another heist also took place on 1 April.
ZCDC fired seven executives last May, including the chief executive Morris Mpofu, who was recently arrested for recommending a blacklisted smuggling ex-convict to buy diamonds from the Minerals Marketing Corporation of Zimbabwe (MMCZ).
The move was meant to rebuild public and market confidence following reports of corruption in the company.
ZCDC is planning to lift its output to 4.1 million carats of diamonds this year from 2.8 million carats last year.
The company surpassed its production target of 2.4 million carats last year despite challenges that affected the mining sector in the last quarter of 2018, which included fuel shortages and limited foreign currency.

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