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...

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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

Sierra Leoneans request freeze of Octea's assets in diamond mine lawsuit

21 august 2020
A group of Sierra Leoneans has requested the country’s High Court to freeze the assets of Octea, a subsidiary of Beny Steinmetz's BSG Resources (BSGR) in their ongoing diamond mine lawsuit, according to news reports.
At least 73 plaintiffs launched a lawsuit against Octea subsidiary Koidu in March last year seeking damages for alleged environmental degradation around a diamond mine.
They all live within 500 metres of the mine and alleged that they had suffered respiratory infections and headaches from living near the mine. They are seeking $288-million in damages.
Reuters reports that it had seen an affidavit to the high court of Sierra Leone in which the lawyer for the plaintiffs said there was a "clear and present risk" the defendants could expatriate funds in order to avoid having to pay out if the court rules against them.
The affidavit said that without a freezing order, plaintiffs might have to seek execution of a possible judgment in their favour in as many as seven separate jurisdictions.
The majority of the 12 defendants are not domiciled in Sierra Leone, and BSGR is in administration proceedings.

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