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

Angola diamond trading reforms bearing fruits – SODIAM

03 march 2020

The Angolan government’s introduction of a new diamond trading policy in 2018 is bearing positive results, according to the state diamond trader, SODIAM.
It said that revenue for the 2018-2019 period grew by 6.2%, to $1.29 billion compared to $1.22 billion realized during the 2017-2018 period.
“These figures mean an average growth of 8.5% each year,” said SODIAM.
The new diamond trading policy eliminated the figure of preferred customer and implemented new ways of selling diamonds. 

Image credit: DWilliams (Pixabay)

These new diamond sales modalities comprise the systems of sale by contracts (sights), tenders and spot. 
“The client application process has become dynamic and transparent, with the implementation of the online platform that allows the registration of customers directly,” it said. 
“The validation of applications takes place after a due diligence process is carried out in accordance with international compliance standards, to ensure that due checks of international requirements in terms of financial standing are made, and to prevent unlawful acts of money laundering and financing terrorism.”
Meanwhile, SODIAM said 12 purchase and sale contracts were signed since last year, including four polishing factories.
The licences were valid for two years and will remain in force until the end of the first half of 2021.

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