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

Zim Fin minister says diamond leakages to persist

13 september 2012

Zimbabwe’s finance minister Tendai Biti said diamond smuggling will go ahead despite recent measures to have the country’s revenue collector supervise all mining operations to ensure transparency.
“It should help. I mean if the Zimbabwe Revenue Authority (Zimra) does its job properly it would help because at least now it will be known,” he was quoted by Daily News as saying said.
“But I think the people that are stealing our diamonds are so sophisticated that stealing will continue.”
Zimbabwe, according to the newspaper, had failed to gunner political will to ensure transparency in the diamond sector with Mines minister Obert Mpofu saying there cannot be full disclosure in the face of economic sanctions.
Biti said last week that diamond companies exported $456 million worth of produce between January and August this year and only remitted $46 million to the Treasury for the period to July and nothing in August.
The African Development Bank recently reported that mining firms in Zimbabwe were understating the true value of minerals extracted and this had prejudiced the state in tax revenue.

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