Our main role is to inspire consumers to consider diamonds - Jean-Marc Lieberherr

With over 25 years of experience in a variety of leadership positions across many geographies, functions and businesses, Jean-Marc Lieberherr has more than 10 years’ experience as a diamond industry leader, which includes as a Board member of the World...

Yesterday

Training in diamond valuation is key for artisanal miners

Ian Rowe, the Executive Director of the Diamond Development Initiative (DDI) was appointed in September 2019, having joined DDI as Deputy Executive Director a year earlier. Ian managed field operations in Sierra Leone within this role and led...

02 december 2019

Kangalassi 2.0: Raising the living standards, creating new jobs

At the V Eastern Economic Forum (EEF) held in early September in Vladivostok, the Yakut company SAYBM signed a tripartite agreement with two agencies - the Far Eastern agency and the regional one - for attracting investments and providing export...

25 november 2019

We live in a new dimension of environmental responsibility carried by business

In mid-October, Moscow hosted the VIII Ecological Forum attended by representatives from the State, large industrial companies, scientific and public organizations. The forum delegates discussed the issues related to finding a balance between the socio-economic...

18 november 2019

De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

11 november 2019

Namibia’s controversial diamond valuation tender results upheld

14 august 2019

namibia_flag.pngNamibia’s Central Procurement Board (CPB) review panel has dismissed an appeal filed by Prestige Diamond and Global Diamond Valuators Namibia over the awarding of a $21 million diamond valuation tender to Gem Diamonds Namibia.
The Windhoek Observer reports that the panel found no legal merit in the appeal.
“Alternatively, the Review Panel found no evidence that the awarding of the tender is marred by irregularities as alleged by the applicants,” reads the ruling by the panel.
“In the result the Review Panel makes the following order: That the applications for review in terms of Section 59(1) of the Public Procurement Act, No.15 of 2015, lodged by Prestige Diamonds and Global Diamonds Valuators, respectively, and which were in the end consolidated into one action, are hereby dismissed in terms of Section 60(a).”
The contract, which was awarded by CPB, had been mired in controversy with concerns being raised that it was turned into a money-making scheme for a clique of well-placed individuals.  
Gem Diamonds reportedly asked for N$300 million to valuate Namdeb diamonds, while the current tender holder since 2007, Global Diamond Valuators Namibia, asked for N$220 million for the same job.   
Under the existing system, the government valuator receives and values the diamonds from Namdeb, which is jointly owned by the government and De Beers.
The diamonds are then passed to the Namibia Diamond Trading Company (NDTC) – another joint venture between the government and De Beers.
NDTC then supplies 85 percent of the diamonds to special customers called sight holders, while 15 percent is sent to Namib Desert Diamonds (Namdia).

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