Our main role is to inspire consumers to consider diamonds - Jean-Marc Lieberherr

With over 25 years of experience in a variety of leadership positions across many geographies, functions and businesses, Jean-Marc Lieberherr has more than 10 years’ experience as a diamond industry leader, which includes as a Board member of the World...

Today

Training in diamond valuation is key for artisanal miners

Ian Rowe, the Executive Director of the Diamond Development Initiative (DDI) was appointed in September 2019, having joined DDI as Deputy Executive Director a year earlier. Ian managed field operations in Sierra Leone within this role and led...

02 december 2019

Kangalassi 2.0: Raising the living standards, creating new jobs

At the V Eastern Economic Forum (EEF) held in early September in Vladivostok, the Yakut company SAYBM signed a tripartite agreement with two agencies - the Far Eastern agency and the regional one - for attracting investments and providing export...

25 november 2019

We live in a new dimension of environmental responsibility carried by business

In mid-October, Moscow hosted the VIII Ecological Forum attended by representatives from the State, large industrial companies, scientific and public organizations. The forum delegates discussed the issues related to finding a balance between the socio-economic...

18 november 2019

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

Zim to sign diamonds for fuel deal with Alrosa, Swiss firm – report

25 november 2019
The Zimbabwean government is set to sign a three-year diamond for fuel deal worth about $1.4 billion with Russia’s diamond producer and a Swiss firm, according to local media reports.
The southern African country is experiencing intermittent fuel supplies.
Unnamed sources cited by Business Times said the deal is set to be inked this week.
Alrosa will receive diamonds from the state-owned Zimbabwe Consolidated Diamond Company (ZCDC) every month with an estimated value of $40m, insiders said.
“The deal is expected to come into effect in 2020 and the diesel supplies will run for a period of three years,” the source said.
Harare is said to be concluding a sale purchase contract with a Swiss firm, Tatneft, which will provide diesel in exchange for diamonds from the ZCDC.
“Due to fluctuations on the global market, Tafneft will have the liberty to reduce the value of the diamonds by 30%,” said the source. “The diesel will be supplied via the Port of Beira. Under this arrangement, Tatneft is expected to deliver high quality diesel 50 ppm [parts per million].”
Meanwhile, Alrosa's spokesperson said that this information has nothing to do with reality and the company has no relation to the activity described in the published article.
Alrosa has already partnered with ZCDC for diamond exploration and mining. However, it will only start mining if it takes a majority stake in any project.
Zimbabwe is planning to more than triple its diamond output to 11 million carats by 2023 from 3.2 million carats last year.

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