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 capable of producing 14.5 mln cts by 2014 - report

29 august 2012

Zimbabwe is capable of producing 14.5 million carats of gem and near gem quality diamonds by 2014 from Marange, Murowa and River Ranch, an independent report has suggested.
Equity Communications said in its diamond report for the year 2012 that these diamonds would have a value of $1.7 billion.
It was, however, quick to point out that the projections were not based on verified information about diamond production in Marange.
“To be sure, we have not been able to verify information on Marange because the official position is that this information is not supposed to be made public. Nevertheless, the scale of operations by Anjin in particular and Mbada, to a lesser extent, suggest that the massive production figures proffered are plausible,” reads the report.
“What baffles us is the huge discrepancy between what is made public and what is not made public.”
Equity Communications also projected that Zimbabwe’s production will grow by a more modest 8-11 percent in 2012.
It said the country grew its production by 1000 percent in 3 years to 11.1 million carats in 2011.
However, this figure appeared to clash with the latest Kimberley Process data, which showed that Zimbabwe produced 8.5 million carats last year.
Meanwhile, Equity Communications said it was not possible to ascertain the longevity of diamond reserves available in Marange until a proper scientific study was completed.
It said  that only 20 percent of the total concession area had been allocated, adding that the Anjin claim had progressed furthest because of Chinese investment while the other allocated concessions had struggled to scale production significantly because revenue generated was diverted into state coffers to meet urgent national requirements.
Marange Resources, DMC, and Mbada Diamonds were some of the companies operating in the diamond fields.
Equity Communications said that it does not foresee any new diamond mines coming on board in the near future in Zimbabwe.
“Moreover, Zimbabwe recently inflated mining fees and prospectors will have to fork out $1 million for a prospecting licence and an additional $5 million to register a claim for three years,” it said.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished