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

Namibia diamond sector to contract in 2020 before solid recovery in 2021

29 april 2020

Namibia’s diamond mining sector is forecasted to decline by 14.9% in real terms during 2020 due to the anticipated fall in demand, compounded by interruption in logistics for holding sales auctions due to travel restrictions and lockdowns around the world, according to the central bank. 
The projected contraction of 14.9% for 2020 is a downward revision from a growth of 5.3% projected last February.  

Image credit: AlexBanner (Pixabay)

“Diamonds constitute one of the luxury items and people are expected to shift from the consumption of luxury goods and services and rather focus on fighting COVID-19 by purchasing medical supplies and dietary foods to boost their health,” it said in an economic outlook.
“In addition, with travel restrictions, lockdowns and prevention of large gatherings of people mean that prospective buyers cannot attend auctions to view and purchase diamonds.”
However, the Bank of Namibia said the diamond sector was expected to register a growth of 4.5 percent in 2021.
De Beers recently reported that its Namibian diamond unit, Namdeb Holdings, registered a 6% production jump to 500,000 carats during the first quarter of the year due to planned higher grade at the marine operations.

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