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

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products

Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices

The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...

23 september 2024

Vladimir Pilyushin: The jewelry market is not stand-alone and moves by the same laws as other markets

Vladimir Pilyushin is editor-in-chief of Russian Jeweler, a leading magazine about the jewelry industry in Russia. He told Rough&Polished about his view on the evolution of the jewelry industry in Russia and touched upon some of its problems.

16 september 2024

De Beers’ GemFair programme grows in Sierra Leone

30 may 2023
De Beers increased the number of mine sites participating in its GemFair programme in Sierra Leone to 263 in 2022, compared to 219 in 2021. 
The GemFair programme was introduced to help artisanal and small-scale miners gain access to responsible international markets through the assurance of ethical working standards and bespoke digital solutions. 
The programme also helps raise the standard of artisanal miners’ working practices through training and guidance, aimed at building capacity.
De Beers said more GemFair members accessed its Forward Purchase Agreement (FPA), taking the number of mine sites it fully funds up to 49 mining sites in Kono District, providing more miners with access to finance, and increasing the volume of diamonds in the pipeline.
“This represents around 25% of GemFair’s membership, and we hope to grow this further in the coming years, starting with the upcoming mining season,” it said.
“From research into the livelihoods of artisanal miners, we have seen anecdotal evidence that there is now positive wage inflation at other operators and a change in expectations around wages within the wider economy, especially where GemFair has a higher concentration of member sites.”
De Beers said it also expanded the GemFair mine reclamation and farm creation project from three sites in 2021 to seven in 2022.
The GemFair programme intends to generate at least 1,000 supplementary or alternative livelihoods for artisanal mining communities by 2030.

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