Silver and diamonds - the "daily bread" of jeweler

GRINGOR is a St. Petersburg-based modern jewellery manufacturing company established in 2002. It successfully develops and implements the innovations, many of which resonate with the Russians and the people abroad. In 2012, GRINGOR was awarded the honorary...

26 july 2021

Willie Nagel, a gentleman, who would have the strength and stamina to deal with business leaders and politicians, passes away

By Alex Popov

Willie Nagel passed away on July 14th. Friday he was buried in Israel. I was flying from New York with a stopover in London when it happened. Being unable to be there and express my feelings to Adam and Toni, I would like to...

20 july 2021

Diamond industry's reaction to KP impasse

The Kimberley Process Civil Society Coalition (CSC) recently said that it is planning to approach the United Nations (UN) over the impasse on the redefinition of conflict diamonds and the principles of responsible sourcing. The CSC representative...

19 july 2021

Natural and LGDs are two segments of the industry that will have to learn to coexist together

Having now completed half a decade in the diamond jewelry exporting and wholesaling industry, Anmol Bhansali received formal training on Diamonds from GIA in addition to a lengthy training in jewelry wholesaling from the factories at Goldiam. He has...

12 july 2021

L'ÉCOLE Van Cleef & Arpels: our mission is to share the jewelry culture with as many people as possible

France has gradually begun to lift quarantine restrictions on places of cultural recreation, including museums starting from May 19, 2021. The world-renowned L'ÉCOLE, School of Jewelry Arts (L'ECOLE des Arts Joailliers) Van Cleef & Arpels...

05 july 2021

Namibia blocks Namdia proposal to appoint a diamond evaluator

10 june 2021
Namibia’s mines ministry has blocked the state-owned Namib Desert Diamonds (Namdia) chief executive Kennedy Hamutenya’s proposal to appoint his sales manager to replace C-Sixty Investment as the company’s diamond valuator.
C-Sixty Investments’ contract to evaluate Namdia's diamonds ends in September this year.
“We are aware that the C-60 Investments agreement with the ministry is coming to an end in September 2021,” Hamutenya was quoted as saying by The Namibian newspaper as saying in a letter to mines and energy executive director Simeon Negumbo.
“We are also cognisant of the fact that MME [ministry of mines and energy] has no intentions to renew this contract when it expires and has notified C-60 Investments to that effect.”
He also proposed that Namdia key accounts manager Andries Eiseb be the authorised valuer. 
However, Negumbo told the daily that the ministry rejected Namdia’s proposal.
“We have received and responded to the request from Namdia. The Ministry of Mines and Energy did not grant their request,” he said.
Hamutenya's proposal to appoint Eiseb raised a lot of eyebrows as it was seen as part of a power play in the diamond sector.
It was also alleged that Eiseb had past ties with Dubai-based diamond dealer Neil Haddock, a former De Beers dealer.
Haddock was said to be a frequent flyer between Dubai and Windhoek since 2016 to facilitate the sale of Namdia's diamonds. 
He was replaced by Eiseb last year and critics felt it would be business as usual at Namdia if the key accounts manager had been allowed to evaluate the diamonds.
Namdia was previously accused of cheaply selling diamonds abroad, an allegation that Hamutenya dismissed.

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