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

Mozambique Seeks Quick Entry Into Kimberley Process

24 february 2012

In a very welcome move, Mozambique's Mining Minister has announced that the country is speeding up preparations to join the Kimberley Process - an international conflict diamond monitoring scheme - amid widespread smuggling from Zimbabwe's controversial Marange diamond fields, Rapaport reported citing
Millions of dollars worth of Zimbabwean diamonds are reportedly passing illicitly through the Mozambican border town of Manica. If Mozambique were to join the Kimberley Process, it could help to reduce the amount of diamonds being smuggled out of Zimbabwe - and help to increase the diamond revenues flowing into the coffers of the Zimbabwean state.
The minister added that Mozambique is hoping to start producing its own diamonds soon - 27 companies and individuals are currently prospecting for diamonds in the country under 40 separate licences - and intends to join the certification scheme by December.
Meanwhile, Zimbabwe's Prime Minister, Morgan Tsvangirai ended a tour of the diamond fields last week, saying, "We must show transparency in the way we exploit this resource, the way we market it and the way we benefit for all of our very wide-range challenges we face as a country."
"Africa has always experienced a curse when it comes to the discovery of diamonds but I think we cannot say the same for Zimbabwe. I don't think the discovery of diamonds is a curse. I think it's a blessing for our country."
The discovery of some of the world's largest diamond deposits has not been a blessing to Zimbabwe so far with only a small percentage of revenues from the exploitation of the notorious Marange fields finding their way to the Ministry of Finance. But the ministry is banking on receiving around US$600 million from diamonds in 2012. The question - as always - is whether this windfall will actually materialise. Or whether most of it will vanish into the pockets of military and ZANU-PF elites - as well as foreign companies involved in the mining.