The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

06 july 2020

Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

Johan Erikson: The industry needs to spend more on advertising and marketing

First Element is a fully independent Diamond Services Company registered in Belgium, Botswana, South Africa and Dubai. First Element is committed to providing a world class diamond service aimed at adding value to the entire supply chain, from the daily...

08 june 2020

Artisanal tanzanite miner hits jackpot in Tanzania

26 june 2020
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Image credit: TanzaniteOne

A Tanzanian artisanal miner earned 7.74 billion Tanzanian shillings ($3.35 million) for the two largest tanzanite gemstones ever found in the country, according to media reports. 
The stones, which weighed 9.27 kg and 5.103 kg, were discovered by Saniniu Laizer north of the East African country.
“Today’s event... is to recognise the two largest tanzanite gemstones in history since the beginning of mining activities in Mirerani,” Reuters quoted Simon Msanjila, mines ministry permanent secretary as saying.
President John Magufuli who called the artisanal miner to congratulate him said his government’s purchase of the stones was proof of reforms he introduced to the mining industry since he came to power in 2015.
Tanzania established trading centres across the country last year to allow artisanal miners sell their gemstones and gold to the government.
The government also constructed a wall around tanzanite mining concessions in northern Tanzania in April 2018 to stem illegal mining and trading activities.
Tanzania claimed at the time that 40% of tanzanite produced in the country was being smuggled, depriving government of necessary revenue.
Tanzanites are only found in Tanzania.

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