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

Former ZCDC CEO off the hook as State fails to get tangible evidence

09 january 2020

Former Zimbabwe Consolidated Diamond Mining Company (ZCDC) Morris Bekezela Mpofu, who was facing criminal abuse of office charges, is now off the hook after the State withdrew the charges before plea.
The State-controlled media reports that prosecution had failed to gather evidence for his prosecution.
A State prosecutor Venerandah Munyoro said police will summon Mpofu back to court should they gather evidence that warrants his prosecution.
“After careful consideration, we have to withdraw the matter against the accused before plea. The police will summon him to court in the event that they get tangible evidence,” she said.
Mpofu was arrested in May last year for allegedly recommending a blacklisted smuggling ex-convict to buy diamonds from the Minerals Marketing Corporation of Zimbabwe (MMCZ). 
ZCDC is currently mining diamonds in Marange and Chimanimani as well as conducting extensive exploration across Zimbabwe.
Diamonds are expected to add at least $1 billion to the $12 billion that Zimbabwe is expecting the mining industry to contribute to the country’s gross domestic product by 2023.
Zimbabwe is planning to more than triple its diamond output to 11 million carats by 2023 from 3.2 million carats in 2018.  

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