Ethical sourcing and Diamonds Standards Organization

The diamond sector is ready to embrace a new decade and overcome some of its historical challenges. Ethical sourcing has proven to be undoubtedly one of the main aspects that industry professionals need to address. Antonio Cecere, President of Geneva...

Yesterday

Ali Pastorini: Challenges make us think out of the box and be closer to customers

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

20 january 2020

Today’s customer needs an offer of something unique that others do not have

Oksana Senatorova is the publisher of the Jewelry Trade Navigator magazine and the founder of the Jewellery Business Academy.
She graduated from I. M. Sechenov Medical Academy and the Faculty of Psychology of Lomonosov Moscow State University...

09 january 2020

Inventories accumulated by De Beers, ALROSA to put ceiling on prices near-term even if demand substantially picks up – Zimnisky

As we are in the last month of 2019, it is prudent to examine what the diamond industry went through and the possible trajectory in the upcoming year. Industry expert, Paul Zimnisky spoke with Rough & Polished’s Mathew Nyaungwa to discuss this and other...

30 december 2019

Empowering customers and engaging more with our stakeholders is the new Mission

The unassuming Govindbhai Laljibhai Dholakia, Chairman, Shree Ramkrishna Exports Pvt Ltd (SRK) is not just an ace businessman but a noted philanthropist. He has contributed immensely to social welfare with special focus on education … a noteworthy...

23 december 2019

Zimbabwe earns $142 mln from 10-month diamond sales

28 november 2019
mmcz_logo.pngZimbabwe accrued $142 million from diamond sales for the 10 months to October, 2019, according to the state-owned Minerals Marketing Corporation of Zimbabwe (MMCZ).
MMCZ general manager Tongai Muzenda could not disclose the carats sold during the period under consideration.
Zimbabwe is expected to conduct a diamond auction of 500 000 carats before the end of the year.
The country currently had a stockpile of 3 million carats having suspended diamond trading for the better part of the year due to what the Minerals Marketing Corporation of Zimbabwe (MMCZ) general manager Tongai Muzenda dubbed “administrative issues”.
The country sold 316 000 carats at its September auction, which attracted buyers from Belgium, Dubai, India, Israel and South Africa.
Zimbabwe expects to produce 4.1 million carats of diamonds this year compared with 3.2 million carats in 2018.

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