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

Mbada Diamonds set for Marange return – report

29 january 2020
Mauritius-registered Grandwell Holdings, which owns Mbada Diamonds, is set to return to Marange diamond fields after a successful appeal at the High Court. 
The litigation between Grandwell and Marange Resources commenced after the then Mines minister Walter Chidakwa cancelled operations of all companies that were conducting operations under the special grants in the Marange diamond fields, in February 2016. 
High Court judges recently ruled in favour of Grandwell, which had sought the state-controlled firm to renew the operating licences in line with the special grants agreement entered by the parties. 
“An order was granted compelling the Zimbabwe Consolidated Diamond Company (ZCDC) and Marange Resources to apply for the renewal of the special grants which expired between 2010 and 2013 and ensure that they pay the renewal fees which are supposed to be paid,” company lawyer Thembinkosi Magwaliba was quoted as saying by Zimlive. 
Grandwell had entered into a joint venture and shareholders’ agreement with Marange Resources, a Zimbabwe Mining Development Company (ZMDC) investment vehicle and Mbada Diamonds in 2009. 
The contract also stated that Marange Resources had agreed to pay renewal fees for the special mining grants. 
“In breach of its contractual obligations, the second respondent (Marange Resources) did not pay renewal fees in respect of the special mining grants,” said Grandwell chairperson David Kassel in court papers. 
“It sought instead an exemption from payment of the renewal fees without knowledge or approval of the applicant (Grandwell Holdings) and the third respondent (Mbada Diamonds),” Kassel said. 

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