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

Angola revises benchmark price for diamonds – report

10 april 2020

The Angolan government will work with a benchmark price of $100.3 per carat for production and sale of diamonds on the international market, an official has said.
The country’s finance minister Vera Daves was quoted by Macauhub as saying that the average carat price for diamonds had dropped from the previous $162. 

DWilliams
Image credit: DWilliams (Pixabay)



Angola’s new government had been making efforts to reform the diamond industry, which was shrouded in secrecy.
The country’s diamond revenue for the 2018-2019 period grew by 6.2%, to $1.29 billion compared to $1.22 billion realised during the 2017-2018 period.
Angola is projecting an output of 14 million carats in 2020.
Meanwhile, Sociedade Mineira de Catoca has suspended work at its new concessions in a bid to prevent the spread of Covid-19 coronavirus.
The company said in a statement that they kept a few services operational, in line with instructions from the health authorities.
Catoca owns the fourth largest diamond mine in the world, which accounts for more than 75% of the diamonds produced in Angola.

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