The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

Yesterday

Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

Johan Erikson: The industry needs to spend more on advertising and marketing

First Element is a fully independent Diamond Services Company registered in Belgium, Botswana, South Africa and Dubai. First Element is committed to providing a world class diamond service aimed at adding value to the entire supply chain, from the daily...

08 june 2020

KP in last phase of three-year reform – WDC

06 november 2019

kp_logo.pngThe Kimberley Process (KP) is in its last phase of a three-year reform and review process, which takes place every five years, according to the World Diamond Council (WDC).
Council president Stephane Fischler told a diamond conference in Gaborone on Tuesday that KP, which was established in 2003 to stem the selling of conflict diamonds, has evolved together with consumer expectations and technology.
“The Kimberley Process looks at itself and see if its standards are still relevant for today,” he said.
“That’s where we stand…we proposed together with the civil society – and we are not alone anymore – that we need to strengthen the scope of the KP to meet the expectations of consumers but also of the 5% that represents the alluvial diamond mining communities, which are really the focus of KP.”
He said 95% of the value of diamonds is mined by companies such as De Beers, Alrosa, and Dominion, while the remaining 5% represents 10 million people in Africa who are surviving on the extraction of diamonds.
“So we owe it to them, to consumers to build a stronger [and] modernised KP,” said Fischler.
He said they had made proposals together with the civil society of a strengthened scope, a new definition of conflict diamonds.
“As observers we cannot table it and it was taken over by Canada, who agreed with our proposal and tabled it to KP as one proposal to expand this definition and expand the scope,” he said.
The Kimberley Process Civil Society Coalition are lobbying for a new definition of conflict diamonds, which will include reference to public security forces or private (including criminal or mercenary) armed groups, as well as to systemic and widespread violence, forced labour, the worst forms of child labour and violations of international humanitarian law.
Most African countries are reportedly against the change in definition as it could restrict market access for Zimbabwean and Angolan gems, if approved.

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