Diamonds across time

Not so long ago, the global library of professional publications on precious stones was replenished with a unique book about rare diamonds and diamond jewelry published by the World Diamond Museum. Alex Popov, the founder and director of the museum told...

Today

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

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