Demand will pick up once the season starts

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business...

14 october 2019

Prospects for discovering new diamond deposits in the Arkhangelsk Province are far from exhausted

ALMAZINTECH is engaged in technical auditing and comprehensive assessment of activities performed by exploration, diamond mining and gold mining businesses in Russia and other countries, as well as carries out research and development. It employs highly...

07 october 2019

Botswana Diamonds eyes expansion of Thorny River to include Marsfontein – Campbell

Botswana Diamonds, which has a 40% stake in Thorny River, through Vutomi, said there are plans to expand the project located in South Africa to include Marsfontein once a mining permit for the latter has been awarded. Company managing director James...

30 september 2019

Diamond knife and tender system: The tight-fisted paying twice?

LLC Kristalin is the only company in Russia that manufactures microsurgical diamond blades for domestic healthcare that meet international requirements and are used in ophthalmology, neurosurgery and plastic surgery. Mikhail Zhiltsov, the company’s Deputy...

23 september 2019

Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished...

16 september 2019

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