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...

Today

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

Vast Resources “well placed” to execute Zimbabwe diamond strategy

12 february 2020

VAST_Resources_logo.jpgAIM-listed Vast Resources says it has everything in place to hit the ground running once it concludes an agreement with the Zimbabwe Consolidated Diamond Company (ZCDC).
Vast has already concluded a joint venture with Chiadzwa Mining Resources, a company designated to represent Chiadzwa Community interests in the Chiadzwa Community Diamond Concession. 
Its current discussions to finalise the joint venture agreement with ZCDC will enable the concession to procure a special grant for the mining of diamonds.  
“We enter 2020 in a far stronger position than at any time in the company’s history,” Vast chief executive Andrew Prelea was quoted as saying by Proactive Investors.
“… we are well placed to execute our Zimbabwe diamond strategy as soon as the agreement with ZCDC is concluded, a process that we believe will be concluded shortly.”
Vast recently revised an agreement with Botswana Diamonds, which will see the latter acquire a 2.5% interest in the cashflows generated from Vast’s share in the Chiadzwa concession in exchange for providing “know-how for all aspects of exploration, mining, processing and marketing”.
Vast recorded a loss after tax of $3.5 million for the six months to 31 October, a 36% decrease compared to $5.5 million, a year earlier. 
Foreign exchange losses also contracted to $800,000 from $1.4 million in the six months. 
The company’s cash balance for the period was $1.2 million compared to $775,000 in 2018. 

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