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

CAR reforms diamond mining sector to fight illicit trade

04 october 2019

car_flag.pngThe Central African Republic (CAR) has launched a full overhaul of the country’s alluvial diamond mining sector to fight illicit traffic.
“Going forward, the CAR’s government will stand for a bold new and drastic approach where full transparency and proper due diligence protocols, traceability of individual parcel and OECD Due Diligence Guidance will be crucial,” it said in a statement.
“The country direly needs diamond production to return to the formal market.”
Following the adoption of a presidential decree signed by the President Faustin Archange-Touadéra last Monday, all existing buying houses are required to formalise exports and to withdraw from any engagement in the informal circuit. 
In addition, each buying house will be expected to export at least $3 million per quarter and the government will withdraw licences in case of failure to adhere to the regulation.
“After a trial period which will end on 31 December 2019, the buying houses that have passed the conditions will enter into a contract with the CAR government which will stipulate the due diligence sourcing protocols,” it said.
The presidential decree also stipulates severe conditions on foreign buyers whose licences will also be withdrawn in cases of non-compliance. 
CAR produced diamonds worth $2.3 million last year from a high of $62 million in 2012.

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