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

Belgium seizes $45 mln Zimbabwe's diamonds in mine dispute with SA's Amari

22 september 2014
A South African company can receive about $45 million belonging to companies with Zimbabwean state shareholding after Paris-based International Court of Appeal ruled that Belgian authorities can seize 500,000 ounces of diamonds awaiting auction in Antwerp, according to Bloomberg.
The conflict stems to 2010 when Zim government cancelled South African Amari’s joint venture with Zimbabwe Mining Development Corporation (state owned), because Amari prolonged exploration in Great Dyke beyond the stipulated duration. When Amari applied for mining license the Government claimed the exploration was undertaken unlawfully.

By 2011 ZMDC was to take over and start mining on its own.
Amari addressed ICA with a $500 million suit and recently ICA decided Amari should be compensated. International tribunal also ruled that the unilateral canceling of its mining venture with the Zimbabwe Mining Development Corporation was wrong.
According to Daily News, Mbada Diamonds chairperson Robert Mhlanga, who brought its diamonds to Atwerp, said last March that Zimbabwe should not sell its diamonds in Antwerp.
"I have strong reservations about Antwerp because they are our yesteryear enemies. We have actually reeled under sanctions, thanks to Brussels and for us now because they have claimed to have lifted sanctions and we run to them. Personally, I have my own reservations," - Mhlanga said.
Harare is now at risk of losing more assets and cash to global creditors taking advantage of its decision to "transact in hostile jurisdictions", Daily News source said. The source further noted that out of Zimbabwe’s $10 billion debt, there are several creditors with executable judgments and these include the Zimbabwe Iron and Steel Company funders.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished and Anna Georgieva, Rough&Polished correspondent