Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Namdia will not renew controversial diamond evaluation contract – report

19 april 2021
Namibia's state-owned Namib Desert Diamond (Namdia) will not renew the diamond evaluation contract of Nuska Technologies, according to the local media citing a senior government official.
Namdia appointed Nuska Technologies (then C-Sixty Investments) as a diamond evaluator in 2016 and the contract expires in October this year.
Enterprise minister Leon Jooste, however, refused to give reasons why the contract will not be renewed.
"If the board wants to appoint a valuator, they will ensure the provisions of the Procurement Act are adhered to. Best to ask this the board," he was quoted as saying by The Namibian.
Namdia board chairperson Bryan Eiseb and chief executive Kennedy Hamutenya failed to respond to questions sent by the daily.
Meanwhile, the mines ministry said in a statement that Israeli citizen Doron Cohen took overall operations and financial control of Nuska, replacing Namibians that established the company.
Cohen now owns a 60% stake in Nuska while other Israelis Anat Cohen-Shemes and Mier Cohen own a 20% stake in the company, respectively.
Then C-Sixty was accused of obtaining the contract to evaluate diamonds corruptly.
The contract was worth between N$600 million and N$1,5 billion over the five years.

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