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...

Yesterday

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

GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Zim state-owned diamond firm to have new CEO

25 september 2020
0.jpegState-owned Zimbabwe Consolidated Diamond Company (ZCDC) is set to appoint a new chief executive who was a director at Vast Resources.
The AIM-listed company said its executive director for the diamond division Mark Mabhudhu, had received an offer to join the state-owned firm as its chief executive and has accepted the position.
“Whilst we are of course sad to see Mark (Mabhudhu) leave Vast Resources PLC, we are extremely excited that we will be able to continue to work with him in his new role within the diamond mining sector in Zimbabwe,” said Vast chief executive Andrew Prelea.
“We are confident that with Mark in his new role, the diamond mining sector in Zimbabwe will be set for a new high.”
Vast said Mabhundu’s new position will not pose any impediment to the finalisation of a joint venture agreement with the ZCDC.
Katanga Mining - a joint venture between Vast and the Chiadzwa Community Development Trust will work with the ZCDC to develop the Chiadzwa Community Diamond Concession.
Vast previously said that it had everything in place to hit the ground running once it agrees with ZCDC.   
The company also recently revised an agreement with Botswana Diamonds, which will see the latter acquire a 2.5% interest in the cash flows generated from Vast’s share in the Chiadzwa concession in exchange for providing “know-how for all aspects of exploration, mining, processing, and marketing”.

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