Part 2: KPCSC wants Russia to help end impasse on new definition of conflict diamonds

In the first installment of this two-part exclusive interview with Shamiso Mtisi, the coordinator of the Kimberley Process Civil Society Coalition (KPCSC), we focused on illegal diamond mining in the continent and where the contraband ends up...

25 october 2021

Part 1: KPCSC gives insight into illegal diamond mining, trading in Africa

Although the diamond watchdog Kimberley Process (KP) prides itself for significantly reducing the flow of conflict goods since its establishment in 2003, the Kimberley Process Civil Society Coalition (KPCSC) alleged that illegal diamond...

18 october 2021

The jewelry industry in Russia needs to be upgraded in a serious way

Dina Nasyrova is a vice-president of the International Jewelry Exhibition-Congress J-1 recently hosted by the Atrium of Gostiny Dvor in Moscow. As a partner and the Muse of the famous jeweler Ilgiz Fazulzyanov, she actively participated in the preparation...

11 october 2021

Smiling Rocks, a philanthropic business model, inspires companies to work for betterment of the world

Zulu Ghevriya, the CEO and Co-Founder of Smiling Rocks, Founder of Vedantti Jewellery and Managing Director of Prism Group has been in the diamond and jewellery industry for over 20 years. Zulu started his business, Prism Group, as a natural diamond...

04 october 2021

Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

27 september 2021

Tatneft wants to supply fuel to Zimbabwe in exchange for diamonds

23 january 2020
The head of Tatneft, Nail Maganov, said on the sidelines of the current Davos Forum that his company is working on fuel supplies to Zimbabwe as part of a deal to exchange fuel for diamonds, Finmarket reported on Wednesday, citing Interfax.
“We are dealing with this topic. This is a commercially long scheme. I want to say that this is a real story... I know that the fuel supply is real,” Maganov said, noting that the sales arm of Tatneft is engaged in this.
In November last year, the Zimbabwean mass media, and in particular The Business Times, announced that the government of this African country intended to enter into a three-year deal to exchange diamonds for fuel worth about $ 1.4 billion with Russian diamond producer ALROSA and Swiss-based Tatneft. It was noted that Zimbabwe was experiencing intermittent fuel supplies.
According to Zimbabwean insiders at that time, ALROSA was to receive diamonds from the state-owned Zimbabwe Consolidated Diamond Company (ZCDC) every month with an estimated value of $40 million as a result of this deal.
“Due to fluctuations on the global market, Tafneft will have the liberty to reduce the value of the diamonds by 30%,” a source told The Business Times last November. “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].”
In this regard, ALROSA’s spokesperson said in November last year that this information had nothing to do with reality and the company had no relation to the activity described in the published article.

Victoria Quiri, Correspondent of the European Bureau, Rough & Polished, Strasbourg