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...

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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

De Beers SA sells more rough diamonds to local beneficiators than required by law

10 february 2020

De Beers Group in South Africa has sold more than 70% of its total gross sales of rough diamonds to local beneficiators, according to a senior manager.
De Beers Group Managed Operations managing director responsible for South Africa and Canada, Nompumelelo Mpumi Zikalala was quoted by Mining Weekly as saying that they sold 30% more than the 40% required by legislation. 

DWilliams
Image credit: DWilliams (Pixabay)


She said the production profile required by customers to cut and polish profitably did not allow the 40% threshold to be achieved and the only way of doing so was through aggregation.
“Our sales model works in a manner where our different countries mine the diamonds, we then aggregate them together, and coming out of that international mix, we then extract what it is that customers in those specific countries would be looking for, driven by profitability,” Zikalala said.
Diamond output in South Africa fell by 65% to 400,000 carats in 2019 due to lower volumes of ore mined at Venetia as it approaches the transition from open pit to underground.  

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