Diamex Lab: Our technology allows you to trace the history of the origin of each stone

Gleb Sverdlov, CEO of Diamex Lab told Rough & Polished in his interview below about the development of IT technologies for the market of rough and polished diamonds and jewelry.

Yesterday

The future of the market goes hand in hand with gemology

After 2019, a challenging year for the global diamond industry, we asked Yuri Shelementyev, head of the Moscow State University (MSU) Gemmological Center and president of the National Gemological Association (NGA), to share his views...

10 february 2020

Diamond industry in healthier position going into 2020

The diamond industry is in a healthier position going into 2020 due to actions taken last year, according to De Beers. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa that the actions taken included reducing rough diamond production...

03 february 2020

Ethical sourcing and Diamonds Standards Organization

The diamond sector is ready to embrace a new decade and overcome some of its historical challenges. Ethical sourcing has proven to be undoubtedly one of the main aspects that industry professionals need to address. Antonio Cecere, President of Geneva...

27 january 2020

Ali Pastorini: Challenges make us think out of the box and be closer to customers

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

20 january 2020

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