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

Fura Gems acquires ruby licence in Mozambique

27 april 2020

Fura Gems has received a ruby licence from the Ministry of Mineral Resources and Energy of Mozambique (MIREM).
The Canada-based company has also completed the previously announced acquisition of SLR Mining, Limitada, a Mozambican mining company holding 100% of each of ruby mining concession 8955C and ruby exploration licence 7414L.  

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Image credit: Fura Gems


It also acquired a 20% interest in Ibra Moz SA, another mining company in Mozambique, which holds the ruby mining concession 8921C.
Fura Gems' wholly-owned subsidiary paid GemRock an aggregate price of $2.1 million for the Mozambique licenses. 
The company is currently in the process of completing the purchase and sale of interests in three additional ruby prospecting licences/concessions in Mozambique.
Meanwhile, Fura said in a separate statement it has drawn down an additional $3.5 million from its loan facility. 

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