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

Kimberley Process mulls digital certificates

06 april 2020

kp_logo.pngThe Kimberley Process (KP), which is currently led by Russia, is testing the use of digital certificates for rough-diamond shipments in a bid to improve “efficiency and reduce fraud”.
“Digital data exchange will significantly increase the efficiency of export [and] import operations, as well as speed up the statistics exchange between KP participants,” an unnamed Russian KP spokesperson was quoted as saying by Rapaport.
Russia will test the idea with exports to select countries.
Participating nations will identify officials whose electronic signatures will be valid for confirming a KP certificate’s legitimacy. 
The exporting and importing countries will exchange unique codes to confirm that someone in authority has approved the document, according to Rapaport. 
In addition, an official from a national authority must physically sign a paper certificate — declaring that the diamonds meet the KP’s conflict-free requirements — before the export can take place. 
Eventually, Russia wants to replace paper certificates with QR codes on packaging, enabling importers to check that the certificate matches the contents of the parcels, said the spokesperson.
World Diamond Council (WDC) executive director Elodie Daguzan said the digital certificates will likely be on the agenda at the virtual KP intersessional meeting in June.
 “The Russian proposal is definitely an interesting one that will be evaluated in detail by the different KP bodies involved,” Daguzan said. 
“In this context, we also need to study what levels of digitalization can reasonably be achieved by all KP participants, and at what cost.”

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