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...

25 october 2021

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

Gem rakes in $7.8mln from Letseng small diamond tender

19 march 2020

Gem Diamonds has raked in $7.8 million from the Letseng small diamond tender, which closed in Antwerp on Wednesday. 
However, the tender was 18% below the like for like prices reached at the last small diamond tender held in November 2019 before the Covid19 coronavirus economic crisis. 

news_19032020_gem_diamonds.png
Image credit: Gem Diamonds


"The results of the Letseng small diamond tender are resilient given the difficult circumstances under which the tender was held caused by the ongoing Covid19 situation,” said company chief executive Clifford Elphick.
“We look forward to proceeding with the flexible sales processes in respect of the Letseng large diamond parcel which contains many high quality diamonds."
Meanwhile, Gem Diamonds said its Letseng large diamond tender, which commenced on 16 March and was due to have closed next week on 25 March, has been cancelled due to the Covid19 coronavirus.
Travel and other restrictions imposed by the Belgian government and the governments of the company's clients to prevent the outbreak of has made it impossible for the auction to go ahead.
Gem said a flexible direct sale process has been put in place for large and high quality diamonds.
This sales process, it said, will include direct sales and also partnership arrangements.
“Any diamonds which are not sold under the flexible sales process will be held over for sale at a later date,” said the company.

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