Chris Del Gatto: “We provide capital to smart companies”

Chris Del Gatto, CEO & Co-Founder of DELGATTO Diamond Finance Fund L.P., a New York-based non-bank lender to the diamond and jewelry industry, started his career as a diamond cutter when he was just 17. In his early 20’s, Chris went on to co-found a...

26 october 2020

Lunhianga Project: "The forecasts for this year point to the production of about 100 thousand carats of diamonds"

Advanced information, by the coordinator of Endiama’s Lunhinga Project Management Committee, Adérito Gaspar, points to a drop in production due to the pandemic, but with good prospects in view of the potential of the kimberlites of Camatchia, in production...

19 october 2020

Crisis is the way to development

Maria Krasnova belongs to the second generation of the St. Petersburg jewellers. She is a daughter of Pavel Sokolov, the founder of ‘Samotsvety ot Sokolova’ (Gems by Sokolov), a jeweller and expert gemologist famous for his collection of unique...

12 october 2020

Gaetano Cavalieri: Diamond producers no longer insisting that clients purchase what they are offered

Dr. Gaetano Cavalieri has served for the past 19 years as president of CIBJO, the World Jewellery Confederation. Uniting national jewellery and gemstone associations from more than 40 countries, including Russia, and many of the industry’s major corporations...

05 october 2020

Worth of gold and diamonds

Initiatives in Arts and Culture and De Beers recently co-hosted a webinar on the worth of gold and diamonds. The webinar, which was moderated by Mickey Alam Khan, the founder and editor of Luxury Daily, featured Jeffrey Christian, founder and managing...

28 september 2020

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