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

Zimbabwe withdraws controversial mining bill, plans to redraft

05 august 2009

Zimbabwe's government has taken back from parliament the controversial Mines and Minerals Amendment Bill that sought to ensure that the country would receive 51 percent of all foreign-owned mining firms local operations, Antwerpfacetsonline reported.
Mines and Mining Development permanent secretary Thankful Musukutwa said the government was now seeking to consult with stakeholders, according to a report in the Zimbabwe Independent newspaper.
"It is official that we have withdrawn the bill," Musukutwa said. "This is to allow stakeholder consultation. There has been realisation that in its present form, the bill would not be able to attract meaningful investment. Zimbabwe competes with other countries for investors. What would be contained in the new bill is dependent on the consultations and input stakeholders would have put forward."
Musukutwa said the bill would be re-written to make it less hostile to foreign investors. He forecast that foreign firms looking for opportunities to mine in the country would be more inclined to do so if the bill was "corrected".
"We need to look at the Indigenisation Bill and see where it needs to be corrected to attract foreign investors who have been shunning us in favour of other countries with favourable laws," said Musukutwa.
The original bill called for the Zimbabwe government to receive a free 25 percent stake mining firms dealing in precious minerals such as gold, diamonds and platinum while 26 percent would go to Zimbabwean companies.
Mines and Mining Development minister Obert Mpofu said: "Currently there is a lot of goodwill in terms of support as well as investors coming into the country. The fact that we have liberalised, people can now mine and market their precious minerals without restrictions. This is likely to work to our advantage."
President Robert Mugabe frightened foreign investors in the past when he said that the state intended to nationalise all 500 of the country's large mines.