African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

01 june 2020

“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

25 may 2020

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

Vast raises £1.8m for Zimbabwe operation

01 october 2019

VAST_Resources_logo.jpgVast Resources has raised in aggregate £1.8 million, before costs, through the issue 902.5 million ordinary at a price of 0.20p per share.
The AIM-listed mining company said the cash raised from the subscription, which includes payment for expenditure already incurred, will be used for mobilisation and for general purposes necessary for the establishment of its operations in Zimbabwe.
Vast said it also expects to sign binding documentation for a finance facility of $13.5 million later this week.
Vast recently signed a joint venture agreement with Chiadzwa Mineral Resources (CMR) to mine diamonds in Chiadzwa (Marange), in Zimbabwe. 
CMR is a company designated to represent the Chiadzwa community interests in the Chiadzwa community diamond concession.  
This resulted in the formation of Katanga Mining, which is in turn expected to sign a joint venture agreement this week with the state-owned Zimbabwe Consolidated Diamond Company (ZCDC).
Vast’s 25%-owned Dallaglio Investments also acquired a 95% interest in the Eureka gold mine, in Zimbabwe, earlier this year.

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