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

Catoca cuts production as diamond sales drop in response to Covid-19 pandemic

21 may 2020

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Image credit: ALROSA

Angola’s largest diamond mining company, Sociedade Mineira de Catoca, has partially suspended its prospecting activities and reduced its production and treatment capacity in response to a drop in sales caused by the Covid-19 pandemic.
The company was quoted by Novo Jornal as saying in a statement that it had also postponed some investments and had decided to adjust its operating expenses.
Catoca’s shareholders were state-owned diamond company Endiama and Russian group Alrosa, with equal holdings of 41%, while the remaining 18% was held by LL International Holding B.V.
Endiama said last week that Angola will this year produce 8 million carats from the initial target of 10 million carats.
Catoca produces about 80% of Angola’s annual diamond output.
Most diamond companies have suspended their sales due to travel restrictions imposed to contain the virus.
De Beers has since resorted to online diamond sales after cancelation of monthly sightholder sales in Gaborone.
The Gem & Jewellery Export Promotion Council (GJEPC) of India, the Bharat Diamond Bourse (BDB) and other trade organisations had encouraged rough importers to voluntarily reduce rough diamond imports from May 15, to help preserve inventory value and maintain the strength of the Indian diamond industry.
However, this has since been shifted to June 1, which explains our report this week that Angola’s national diamond trading company, Sodiam had sold five parcels of rough diamonds produced by Catoca to three Indian companies.
  
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished