Diamonds: A cocktail of optimism, pessimism in the midst of Covid-19 pandemic

Rough & Polished’s Mathew Nyaungwa recently attended a webinar organised by CIBJO Communications to examine consumer demand at the time of the Covid-19 pandemic, importance of data, financial models and lab grown diamonds. The webinar, chaired by Edward...

10 august 2020

How Russkiye Samotsvety is coping with the current downturn

One of the key issues facing most Russian companies today is the need for an objective assessment of the new consumption decline due to the quarantine, as well as making forecasts for a way out of it. According to a RBC-Petersburg’s study made in June...

03 august 2020

Global rough diamond sales down 80-90% in value in Q2 –Zimnisky

The COVID-19 pandemic, which is spreading across the globe, having originated from China’s Wuhan has left diamond traders and buyers at sixes and sevens. Traditional diamond tenders were cancelled around March as governments imposed travel restrictions...

27 july 2020

Indian diamond and polishing industry requires forward integration - Dinesh Navadiya

Dinesh Navadiya is now the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India for the 3rd term. He is also the Director on the Board of the Gem & Jewellery Skill Council of India (GJSCI)...

20 july 2020

GJEPC will focus on demand generation for diamonds and jewellery in the next two years

Mr. Vipul P Shah, Vice Chairman, GJEPC and also CEO & Managing Director of Asian Star Co. Ltd. has a rich experience in the diamond industry. His business acumen and professional conduct have contributed significantly in transforming a diamond manufacturing...

13 july 2020

Vast Resources to sign Zim diamonds JV deal this week

15 october 2019

VAST_Resources_logo.jpgVast Resources is this week expected to sign an agreement with Zimbabwe's state diamond mining firm to prospect and mine diamonds in Marange, according to media reports.
Vast recently formed a company, Katanga Mining, with the Chiadzwa community.
That company will sign a joint venture mining agreement with Zimbabwe Consolidated Diamond Company which holds the mining rights, said mines minister Winston Chitando.
He said financial details will be revealed at the signing of the agreement.
Zimbabwe also allowed Russia's Alrosa and the unlisted Chinese firm Anjin Investments to prospect and mine diamonds in the country.
Anjin returned to Marange having been forced out from the diamond fields in 2016 along with other miners.
The government of the late president Robert Mugabe refused to renew their licences saying the miners were smuggling diamonds.
Meanwhile, President Emmerson Mnangagwa is expected to launch on Monday an ambitious plan to increase investment in mining and raise the sector's export earnings to $12-billion by 2023 from $3.2-billion last year.

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