Diamonds: A cocktail of optimism, pessimism in the midst of Covid-19 pandemic

Rough & Polished’s Mathew Nyaungwa recently attended a webinar organised by CIBJO Communications to examine consumer demand at the time of the Covid-19 pandemic, importance of data, financial models and lab grown diamonds. The webinar, chaired by Edward...


How Russkiye Samotsvety is coping with the current downturn

One of the key issues facing most Russian companies today is the need for an objective assessment of the new consumption decline due to the quarantine, as well as making forecasts for a way out of it. According to a RBC-Petersburg’s study made in June...

03 august 2020

Global rough diamond sales down 80-90% in value in Q2 –Zimnisky

The COVID-19 pandemic, which is spreading across the globe, having originated from China’s Wuhan has left diamond traders and buyers at sixes and sevens. Traditional diamond tenders were cancelled around March as governments imposed travel restrictions...

27 july 2020

Indian diamond and polishing industry requires forward integration - Dinesh Navadiya

Dinesh Navadiya is now the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India for the 3rd term. He is also the Director on the Board of the Gem & Jewellery Skill Council of India (GJSCI)...

20 july 2020

GJEPC will focus on demand generation for diamonds and jewellery in the next two years

Mr. Vipul P Shah, Vice Chairman, GJEPC and also CEO & Managing Director of Asian Star Co. Ltd. has a rich experience in the diamond industry. His business acumen and professional conduct have contributed significantly in transforming a diamond manufacturing...

13 july 2020

Gemfair signs MOU to advance ASM standards in West Africa

15 july 2020
De Beers’ GemFair has signed a Memorandum of Understanding with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and the Mano River Union (MRU) to enhance practices the artisanal and small-scale diamond mining (ASM) standards in West Africa.
The three parties will jointly deliver a regional training programme in the MRU member countries of Sierra Leone, Liberia, Guinea and Ivory Coast that seeks to enhance capacities, promote knowledge sharing and build a comprehensive understanding of mine site health and safety.
It will also boost environmental management, ethical sourcing standards and diamond valuation among participants, who will include miners, government officials and civil society activists in the four countries.
“GemFair is committed to helping advance the ASM sector and one of the critical first steps is to enhance capacities to raise standards across the sector,” said Feriel Zerouki, senior vice-president international relations and ethical initiatives, De Beers and general manager, GemFair.
“We are pleased to be partnering with GIZ and MRU on this ambitious training programme and look forward to sharing our knowledge and providing our training expertise in the areas of ethical mining practices, responsible sourcing and diamond valuation to more stakeholders in the West Africa region.”
MRU secretary general Medina Wesseh said the regional approach to the Kimberley Process, artisanal and small-scale mining and the fight against precious mineral smuggling in the MRU sub-region is producing important positive results on the management of the artisanal mining sector, for the benefit of the four MRU member states.
“The sub-region’s artisanal mining sector, if effectively managed, can be a growth engine as it is an important niche to improve state revenues, enhance development of communities, and therefore reduce poverty at the grassroots level,” said Wesseh.

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