Academician Pokhilenko: The situation with rough diamonds in the Russian Federation will start changing for the worse as early as 2025

Nikolai Petrovich Pokhilenko, Academician of the Russian Academy of Sciences (RAS), Deputy Chairman of the Siberian Branch (SB) of the RAS, Scientific Director of the Institute of Geology and Mineralogy of the SB of the RAS, is a prominent...

11 january 2021

Ilgiz Fazulzyanov: For a creator, the quarantine is the time to work on future masterpieces

Ilgiz Fazulzyanov is a successful and internationally recognized jewellery designer. He received his academic art education in Kazan and moved to Moscow in the 1990s where he lives and works now. His brand, Ilgiz F., is well known among true connoisseurs...

04 january 2021

Botswana Diamonds keen to mine KX36 kimberlite if found commercial

Botswana Diamonds intends to mine the KX36 kimberlite, which it recently acquired from Petra Diamonds if found commercial. The high-grade KX36 kimberlite pipe is part of the three Prospecting Licenses in the Central Kalahari Game Reserve in Botswana...

28 december 2020

‘We expect to completely open the Bourse for business by Q1 of the Year 2022,’ assures Vallabhbhai Patel, Chairman, SDB

Vallabhbhai Patel, Chairman of the Surat Diamond Bourse, dreamed of building the world’s largest commercial building in Surat for the Indian diamond industry. He conceptualized the ‘Surat Diamond Bourse’ (SDB), which is set to redefine...

21 december 2020

An opportunity to show your products and occupy your niche

Recently, GOLDNET.MARKET, the first jewellery wholesale marketplace, appeared on the Russian jewellery market. Vladimir Pilyushin, one of the founders of GOLDNET.MARKET, editor-in-chief of the ‘Russkyi Yuvelir’ (Russian Jeweller) magazine...

14 december 2020

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