African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

01 june 2020

“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

25 may 2020

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

Vast confirms delay of Chiadzwa Community diamond JV

03 april 2020

VAST_Resources_logo.jpgAIM-listed mining company, Vast Resources says the finalisation process of the Chiadzwa Community Joint Venture with the Zimbabwe Consolidated Diamond Company (ZCDC) is now expected to complete “shortly”.
The company had early last month received official communication that all internal processes leading to the conclusion of the joint venture were expected to be finalised during March. 
However, the Zimbabwe government declared a 21-day lockdown in response to the Covid-19 Pandemic commencing on 30 March 2020. 
“As a result of this the finalisation process was not completed in March, but finalisation remains expected to complete shortly,” it said.
Katanga Mining - a joint venture between Vast and the Chiadzwa Community Development Trust will work with the ZDC to develop the diamond deposit. 
Vast previously said that it had everything in place to hit the ground running once it concludes the agreement with ZCDC.  
The company also 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”.

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