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

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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

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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

Zimbabwe discovers new ‘billion dollar’ diamond fields

14 january 2014

Zimbabwean state media has claimed the discovery of new diamond fields south of the country.
The fields in Umkondo Basin lies between Manicaland in the East and Masvingo in southern Zimbabwe and stretches over 10,000 square kilometres, almost the size of Swaziland.
Although very little exploration had taken place to date, the state-owned Sunday Mail reports that the discovery was worth a “billion dollar”.
Zimbabwe’s deputy mines minister Fred Moyo was quoted as saying that the basin had huge potential.
“We are very much aware of the potential diamond reserves in the Umkondo Basin. We are actually going to use part of our National Budget allocation to send our experts to carry out exploration activities in the area,” said Moyo.
“The Umkondo Basin is a reserved area. It has huge potential of diamond reserves and as Government we need to urgently move in to determine the areas that possess a high concentration of diamonds.”
He said although the government would mobilise funds to carry out extensive exploration that would determine the areas profitable to mine, a joint venture company, comprising the Development Trust of Zimbabwe and a Russian firm, mining diamonds in Chimanimani were also exploring parts of the basin.
 “We have not done much exploration of the basin, but the joint venture company is mining diamonds in Chimanimani and they are also carrying out exploration in the areas surrounding their concession,” he said.
The Umkondo Basin’s diamond geological make-up was first discovered by De Beers in the 1980s after the company was granted exploration rights to search for diamond kimberlitic pipes in the Beitbridge region linking Manicaland following the diamond belt that stretched through southern African countries such as Namibia and Botswana.

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