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...

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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

Covid-19: Zim’s plans to produce 10Mcts by 2023 may fail

23 june 2020
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Image credit: Gerd Altmann (Pixabay)

Zimbabwe’s plans to lift diamond output to 10 million carats by end of 2023 will likely fail due to the Covid-19 pandemic, according to a local environmental rights watchdog.
Centre for Natural Resources Governance (CNRG) said in a statement to Rough & Polished that there had been a sharp fall in diamond prices and demand across the globe as a result of Covid-19.
It said although diamond mining in Marange continued uninterrupted despite the lockdown, 
Zimbabwe will most likely have surplus stock of rough diamonds with no market to sell to. “Manufacturers of polished diamonds are reducing prices to raise cash and minimize their inventory risk,” said CNRG.
“The Zimbabwean diamond industry is going to be affected heavily as the international diamond industry is already in a recession due to Covid19.”
It said ZCDC had planned 11 international gem auctions outside the country, including the Asian cities, to widen marketing options amid a market glut that has steadily made polished stones cheaper.
 “ZCDC has about 300 000 carats of diamonds which were due to be auctioned at the beginning of April but were affected by the Covid-19 pandemic, which has forced many countries to close borders and embark on lockdowns to stop the spread of the deadly virus,” said CNRG.

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