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

De Beers suspends applications for new sightholder contract

06 may 2020

De Beers has temporarily put on the back burner the application process for its new sightholder contract as COVID-19 continues to disrupt its clients’ business operations.
The current supply contract expires at the end of 2020. 

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   Image credit: De Beers


“We’ve...been looking at ways that we might lighten the load on our customers and give them more time to focus on supporting their core business,” De Beers executive vice president for diamond trading, Paul Rowley was quoted as saying by Rapaport.
“As a result, we decided to temporarily pause the new supply-contract application process.”
The new sightholder contract, which is set to commence in January 2021, will likely see De Beers divide its clients into three categories — manufacturers, dealers and retailers.
It will also offer a more tailored selection of goods to each group and clients will have to indicate their preferred supply programme.

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