Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

ZCDC eyes over 6MCts in 2020

10 october 2019

State-owned Zimbabwe Consolidated Diamond Company (ZCDC) is planning to double its diamond production to 6,12 million carats in 2020 from the 3,1 million carats projected this year, according to local media reports. 
              Image credit: ZCDC

“In 2017 we produced 1,8 million carats of diamonds, in 2018 we got 2,8 million carats and this year our target under revision is 3,1 million carats,” ZCDC acting chief executive Roberto De Pretto was quoted as saying.
“Our target for next year is 6,12 million carats of diamonds.”
Harare recently roped in Russia’s Alrosa to help ramp up diamond production.
He said ZCDC will expand markets for Zimbabwean diamonds to centres such as Mumbai and Dubai.
Meanwhile, Pretto said ZCDC assumed a huge legacy debt from the seven diamond mining companies that operated before their takeover.
“Some of the debt was assumed through purchased shares and the debt amounts to over $100 million. We have to make sure we cover that debt,” he said.
Pretto said there is also need to tighten controls to avoid leakages in the diamond mining sector. 
“Most of the country’s diamonds are being lost through illegal panners who are operating in the mines and people who are stealing the diamonds,” he said.
“We cannot quantify how much diamonds we have lost as it is difficult, but all we can say is diamond discovery has declined over the years.”

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