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

US denies reports that it threatened Zim with sanctions over $3 billion deal with Russia

10 october 2014
The United States embassy in Zimbabwe has refuted media reports claiming Washington threatened to impose new sanctions on Zimbabwe over the country's $3 billion deal with Russia, the New Zimbabwe reports.
Russia and Zimbabwe on September 16 signed Agreement of cooperation to develop platinum project in Darwendale near capital Harare.
President Robert Mugabe and Russia’s Foreign Minister Sergey Lavrov and Minister of Industry and Trade Denis Manturov oversaw the inking of the deal said to be the largest single foreign investment into Zimbabwe’s comatose economy.
Zimbabwe’s Herald columnist Nathaniel Manheru, who is generally thought to be President Robert Mugabe's spokesman George Charamba, claimed recently that the Obama administration was not happy with Zimbabwe's Darwendale deal with Russia.
"The communication of US embassy allegedly stipulated that "Zimbabwe was expected (read required) to support those sanctions (USA sanctions targeting Russia) by avoiding any association with companies sanctioned by the Americans and their Western allies or their subsidiaries or affiliates," Charamba wrote.
However, the embassy spokesperson Karen Kelley was quoted by New Zimbabwe as saying that there was no link between sanctions Washington imposed on Russia and those the country placed on Mugabe in 2003.
Washington has said it will accelerate sanctions imposed against Harare in 2003, accusing Robert Mugabe of human rights abuses and electoral fraud.
"Regarding the recent reports in the local media in Zimbabwe, I can say that there is no link between U.S. sanctions on Russia and the targeted sanctions policy on a limited number of individuals and entities in Zimbabwe. All U.S. sanctions frameworks are separate and distinct," she said.
The U.S and EU recently imposed sanctions on Moscow, tightening restrictions on major Russian state banks, corporations and individuals, after the Crimea was accepted into Russia and a military conflict broke out between the Ukranian government and militia in the South-East part of the country.

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