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...

Yesterday

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

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

Lesotho mulls extension of amnesty to illegal diamond dealers

31 may 2021
Lesotho’s mines ministry is planning to extend an amnesty for all Basotho still having illegal diamonds in their possession, according to the South African media. 
SABC reports that the ministry is in the process of passing a bill that allows artisanal small-scale miners to be licensed.
The country’s National Assembly passed a law last year that granted amnesty to people in possession of illegal rough diamonds should they declare them to the government.
The amnesty was initially valid until 31 January 2021 and the diamonds declared would be sold locally through an auction.
The passing of the Precious Stones (Prevention of Illicit and Theft of Diamonds) Regulations, 2020 was expected to clear illegal diamonds off the black market and paves way for the re-introduction of artisanal and small-scale mining (ASM) by the government.
"The main purpose of the regulation is to grant amnesty to all persons in illegal possession of diamonds, meaning those without dealers' licenses," acting chairperson of the Natural Resources, Tourism and Land Cluster Committee Kimetso Mathaba said last December.
"The regulation is also meant to ensure traceability and source of our diamonds to prepare for the upcoming artisanal and small-scale mining."
Small scale diamond mining in Lesotho was first introduced in 1961 at Letšeng-la-Terai and later extended to Hololo, Kao and Liqhobong.
However, the government stopped issuing licences for small-scale mining in 2004 due to safety concerns since the sector was largely informal and unregulated.

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