African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

01 june 2020

“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

25 may 2020

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

ZCDC mulls international diamond sale

03 december 2019

news_19072019_zcdc.pngState-owned Zimbabwe Consolidated Diamond Company (ZCDC) is planning international diamond auctions next year to boost sales volumes.
The planned 11 international tenders will also be conducted in Asian cities, according to Bloomberg citing acting chief executive Rob de Pretto.
“All those big companies like De Beers and Alrosa are also doing it, so we must also be there with them,” he said.
“Harare is not a choice with many international buyers. By going to Dubai, Hong Kong, Antwerp and all those places, that is where the international buyers are.”
Diamond tenders are conducted by the Minerals Marketing Corp of Zimbabwe.
MMCZ offered 316 000 carats at its September tender in Harare, which attracted buying interest from Belgium, Dubai, India, Israel and South Africa.
ZCDC lowered its diamond production forecast for 2019 by 24% to 3.1-million carats, expects output to rise to 6.12 million carats next year. 

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