Diamex Lab: Our technology allows you to trace the history of the origin of each stone

Gleb Sverdlov, CEO of Diamex Lab told Rough & Polished in his interview below about the development of IT technologies for the market of rough and polished diamonds and jewelry.

17 february 2020

The future of the market goes hand in hand with gemology

After 2019, a challenging year for the global diamond industry, we asked Yuri Shelementyev, head of the Moscow State University (MSU) Gemmological Center and president of the National Gemological Association (NGA), to share his views...

10 february 2020

Diamond industry in healthier position going into 2020

The diamond industry is in a healthier position going into 2020 due to actions taken last year, according to De Beers. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa that the actions taken included reducing rough diamond production...

03 february 2020

Ethical sourcing and Diamonds Standards Organization

The diamond sector is ready to embrace a new decade and overcome some of its historical challenges. Ethical sourcing has proven to be undoubtedly one of the main aspects that industry professionals need to address. Antonio Cecere, President of Geneva...

27 january 2020

Ali Pastorini: Challenges make us think out of the box and be closer to customers

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

20 january 2020

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