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...

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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

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23 august 2021

Zim deliberately ‘conceals’ diamond production, sales figures

21 march 2012

Zimbabwe is deliberately “concealing” diamond production and sales figures in a move seen to fend off countries that have slapped companies operating in Marange with sanctions.
There had been so much speculation over the level of diamond production and sales figures in the southern African country as the government remained tight-lipped.
Known official figures were last released by the Kimberley Process last year and they showed that Zimbabwe had produced just over 8 million carats in 2010.
Zimbabwe Diamond Processing Centre chief executive Bernard Mutanga told Rough&Polished that tender records were not available for public consumption and the only way to know the production and sales figures was through the Kimberley Process, which however release such data once per annum.
“I am sure Zimbabwe has an obligation to provide tender records to KP, which will release the overall production and sales figures annually,” he said.
“If KP is not happy with the figures that would have released, am sure the diamond trade watchdog has a duty to verify the data with the government.”
Mines minister Obert Mpofu recently appeared to confirm that Zimbabwe was deliberately withholding production and sales figures to keep countries that have imposed sanctions on Marange diamonds guessing.
“How many companies do they ask the same? It is because someone wants to know who is there and what they have transacted for the purposes of freezing their accounts. We are not foolish,” Mpofu was quoted as saying in an interview with CNN.
Mpofu said the Zimbabwe Mining Development Corporation had lots of millions of dollars frozen by the Office of Foreign Assets Control (OFAC) and holed up in the United States.
“Who is asking for transparency? It is the same person that imposed sanctions on us, because transparency is about knowing the bank that the money has come through, knowing the companies that are buying our diamonds for the countries that imposed sanctions on us to pounce on them.”

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