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

SA police swoop on illegal diamond dealers

27 august 2014

South African police have arrested men who were part of a multinational syndicate allegedly engaged in illicit trading of diamonds across the country.
Local media reports that the police had been investigating the suspects for over two years but only swooped on them this past weekend.
The police arrested 19 men during the crackdown while eight others handed themselves to the police, bringing the total number of arrests to 27.
Officers recovered hundreds of diamonds worth millions of rands and seized R50-million ($4.7 million) worth of assets, 15 houses and R43-million ($4 million) in foreign currencies.
The police also froze bank accounts, shut down businesses and confiscated four vehicles allegedly used in the illegal diamond deals.
Hawks spokesman Captain Paul Ramaloko said that through a series of "controlled buys" of diamonds over the two-year operation, police established that stones were being stolen fr om South African and Namibian mines and sold with allegedly falsified authenticity certificates to the legal market.
"These diamonds were being sold both in South Africa and internationally to specific buyers.
"Although we have arrested a lot of the 'big fish', there are a few we are still after. We know who they are, wh ere they are and we are coming for them," he was quoted as saying.
"We have involved our international counterparts to track down a specific person of interest who recently fled to Switzerland, the main destination of a lot of these diamonds."
Through the investigation, officers bought and sold marked diamonds and built up a paper trail of the syndicate's operations with the aim of arresting the ringleaders of the multinational syndicate concurrently.

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