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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...
Today
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
Call for international audit of Zim diamond earnings since 2010
The Movement for Democratic Change Alliance deputy president Tendai Biti, who controlled the national purse during the government of national unity from 2009 to 2013, said diamonds had failed to benefit the ordinary peole in Zimbabwe.
“Future democratic government in Zimbabwe must review and audit all mining contracts and concessions dished out by this regime,” he tweeted Saturday while commenting on the resumption of mining by Anjin in Marange.
“Further there must be an international audit of Zimbabwe’s diamond earnings since 2010.The rape and pillage of Zimbabwe commodities must stop.”
Biti said despite the fact that Anjin was the country s biggest diamond producer, averaging a million carats a month, it hardly contributed ‘anything’ to the fiscus.
“Of the $15 billion worth of diamond revenue lost between 2010 and 2015, Anjin was biggest looter, much worse than Mbada Diamonds and DMC,” he claimed.
“Zimbabwe’s alluvial diamonds could have lasted 25 years but in under five years Anjin and others had stripped same and Zimbabwe has nothing to show for its diamonds.”
Anjin and several other companies were barred from Marange in 2016 by the then government of the late Robert Mugabe for allegedly failing to remit diamond revenue to the treasury.
This led to the establishment of the state-owned Zimbabwe Diamond Consolidated Company (ZCDC).
Anjin was, however, allowed to return to Marange last year by the new administration of president Emmerson Mnangagwa.
Mnangagwa was backed by the military to take over power from Mugabe in 2017.
Anjin was a joint venture between China’s Anhui Foreign Economic Construction Company (AFECC) and Matt Bronze, an investment vehicle controlled by Zimbabwe’s military.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished