De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

11 november 2019

Belgian-quality diamond boiling in Dubai from TRIGEM

Born in New York, David Zabinsky is CEO & Co-Founder of TRIGEM, an independent diamond service provider in Dubai. Before TRIGEM, David was Manager at Ras Al Khaimah Economic Zone, where he was responsible for securing North and South American investment...

05 november 2019

Pavel Shelkov: "Our project is an attempt to fit Russia into the global trend and create a new private company in the diamond industry"

At the end of September, Moscow hosted the Second Annual Conference, "Gold and Diamond Mining Companies of Russia and Europe." The audience showed great interest to the presentation made by diamond geologist Pavel Shelkov of Almazy Zapolyarya...

28 october 2019

The team that turns sleeping stones into beautiful polished diamonds

Maxim Zemlyakov is the Director General of ADMS OOO, a company cutting and polishing natural and synthetic diamonds in Oryol. He has been the Director General of Oryol-ALROSA since 2007. Before heading it, he worked as a grinder, cutter, instructor...

21 october 2019

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

ZCDC: No missing 10 000 ct of diamonds, they were sold ‘above board’

05 november 2019

The Zimbabwe Consolidated Diamond Company (ZCDC) has allayed claims that 10 000 carats of diamonds were stolen from the State-owned firm in 2016, according to a local weekly.
It said an internal probe conducted by the new management showed that the stones were sold in a transaction “that was above board”.
              Image credit: ZCDC

“Inquiries made with the finance and marketing personnel indicate that two batches of approximately 10 000 carats were sold to Harvest Way Enterprises Limited in 2016 and these were all paid for,” reads an internal audit memo seen by The Sunday Mail.
“Diamonds were then sold to Harvest Way at reduced prices; that is, royalties of 15 percent and the MMCZ commission of 0,875 percent were exempted.”
Meanwhile, ZCDC said it remains compliant with the Kimberly Process and continues to invest in its security system.
It dismissed reports of forced labour within its operations. 
“Not only is this in conflict with stated corporate governance rules and values, but it is also against the laws of the country,” said ZCDC.
“…the recruitment practices are stringent and abide with best professional standards that compare to any diamond operation around the world.”
ZCDC is targeting an output of 3 million carats this year.

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