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...


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

Anglo calls for action against illicit mining activities as it lauds De Beers’ Tracr

06 february 2020

Players in the mining industry cannot fold their arms and allow illicit activities to continue, Anglo American chief executive Mark Cutifani has said.
“We must act,” he told delegates at the Investment in African Mining Indaba, in Cape Town. “This is how we will earn the trust that we need to continue extracting the minerals and metals that enable human progress.” 

Image credit: afandi_ahmad_syaikhu (Pixabay)

Cutifani said its 85%-owned De Beers decided to develop Tracr, a blockchain-enabled technology platform that helps create trust among the various industry actors in the diamond sector.
This, he said, came to being in a bid to ensure diamond’s authenticity and responsible sourcing through to the point of sale in jewellery stores.
“While our diamond business, De Beers, provides roughly one-third of the global supply of diamonds by value, we were clear when we developed Tracr that this wouldn’t be a De Beers-only platform,” he said.
“Instead, we worked on building a platform that the entire diamond industry could use in the quest to be more open and transparent.”
Cutifani said since its launch, Tracr had attracted a broader base of diamond producers, midstream businesses, and retailers.
This collaboration, he said, had helped build significant momentum, and they believed that Tracr’s data-backed authentication capabilities hold tremendous promise.
“Assuring our stakeholders and wider society that the diamonds we produce are natural, ethically sourced and legitimate, carries significant value for them and the entire diamond   value chain,” said Cutifani.
“The   participation   of   several   diamond   producers, midstream businesses and retailers means that we, as a collective, can now build greater trust and efficiency, thereby improving cost and revenue performance for the trading of diamonds.”
Meanwhile, the Anglo American boss said their efforts to build trust along the diamond value chain had also been extended to artisanal and small-scale miners. 
“These are important players who make an important contribution to the global diamond industry through their artisanal mining on parts of the African continent,” he said.
“Many parts of this sector are informal and unregulated.  Its participants often lack access to established international markets and formal sales channels.”
DeBeers was currently piloting a ground-breaking programme in Sierra Leone called GemFair™.
The programme seeks to create a secure and transparent route to market for ethically-sourced artisanal and small-scale diamonds.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished from Cape Town, South Africa