While in some countries, as ASM operations are forced to close because of government restrictions, revenue is drying up, and food prices are rising, the statement reads, creating a devastating impact on the livelihoods of millions of people. At the same time, formal sales channels have collapsed leaving the ASM segment particularly vulnerable for illicit actors who are forcing them to sell at undervalued prices. The signatories call on governments, financial institutions and private sector to work together to safeguard the progress made in the (informal) mining industry, ensure proper and transparent communication and proper health care enabling communities to operate, continue engagement towards formalization of ASM and access to legitimate markets, and focus on continuing to build supply chain due diligence from mine to market.
Exclusive
Mmetla Masire: Okavango to resume diamond sales in January
Botswana’s state-owned Okavango Diamond Company (ODC) is set to resume diamond sales in January 2025, whether the market remains depressed or not. ODC managing director Mmetla Masire told Rough & Polished’s Mathew Nyaungwa on the side-lines of...
Yesterday
Helga Pombal: Angola's Stardiam finds solution to the threat posed by lab-grown diamonds
Stardiam manager of production Helga Pombal told Rough&Polished's Mathew Nyaungwa on the sidelines of the Angola International Diamond Conference that lab-grown diamonds are creating a parallel market for more accessible stones, combined with lower...
11 november 2024
Ellah Muchemwa: ADPA to launch Africa's first diamond mining standard next year
The African Diamond Producers Association (ADPA), which is based in Luanda, Angola, and represents the interests of mainly African diamond producers and those with the potential to produce diamonds, will next year launch the Sustainable Development...
04 november 2024
Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future
Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...
28 october 2024
Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki
The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...
14 october 2024
Civil society warns: pandemic disastrous for artisanal mining
While in some countries, as ASM operations are forced to close because of government restrictions, revenue is drying up, and food prices are rising, the statement reads, creating a devastating impact on the livelihoods of millions of people. At the same time, formal sales channels have collapsed leaving the ASM segment particularly vulnerable for illicit actors who are forcing them to sell at undervalued prices. The signatories call on governments, financial institutions and private sector to work together to safeguard the progress made in the (informal) mining industry, ensure proper and transparent communication and proper health care enabling communities to operate, continue engagement towards formalization of ASM and access to legitimate markets, and focus on continuing to build supply chain due diligence from mine to market.