Dr M'zée Fula Ngenge: ADC shall continue to encourage sustainable and positive transformation of the African mining industry for years to come

Dr M'zée Fula Ngenge, Chairman of the African Diamond Council (ADC) & African Diamond Producers Association (ADPA), not only mirrors the recent INDABA event in Cape Town, but also clarifies his thoughts on the G7’s push to sanction...

26 february 2024

Nosiphiwo Mzamo: South Africa's State Diamond Trader wants more cutting and polishing centres by 2027

South Africa’s State Diamond Trader (SDT), which is mandated to buy and sell rough diamonds as well as promote beneficiation and equitable access to the country’s diamonds, is targeting having 20 cutting and polishing factories in the country...

19 february 2024

Vipul Shah, Chairman of GJEPC: Indian manufacturers are making cautious decisions to align inventory with demand

Vipul P Shah as Chairman of the Gem & Jewellery Export Promotion Council of India (GJEPC) has been at the forefront to drive export demand. Here, in an exclusive interview with Rough&Polished, Vipul Shah opines on the various challenges being...

12 february 2024

James Campbell: Botswana Diamonds optimistic of receiving Thorny River mining permits this year

Botswana Diamonds had hoped to commence operations in the second half of 2023 at the Thorny River hard rock kimberlite dyke system in South Africa; however, the company was unable to secure the necessary mining permits in time.

05 february 2024

Underground operations are the most economical approach to extend Jwaneng mine's lifespan – De Beers

Debswana, a 50/50 joint venture between De Beers and Botswana's government, recently announced plans to make an initial investment of $1 billion in the Jwaneng underground project. In an exclusive interview with Rough & Polished's Mathew Nyaungwa...

29 january 2024

G7 Ban on Russian Diamond Imports from January - Statement by GJEPC Chairman Vipul Shah

07 december 2023

The recent statement from G7 leaders, informing of a decision to impose direct import restrictions on Russian-origin diamonds effective January 1, 2024, and on diamonds processed by third countries from March 1, 2024, while not surprising, raises valid concerns for the Indian Gems and Jewellery trade.

We had engaged with the G7 to discuss such sanctions and their implementation. We have reservations on the timelines announced for the implementation of restrictions. Recognizing the diversity of our industry, we believe there should be more flexibility in these timelines.

While respecting the G7's decision, we would like more details on how such decisions will be implemented. We have questions about what is meant by a major rough diamond importer in the G7 and the powers it will have in determining the compliance of Indian diamond exports to the G7.

We are happy to note that the G7 will remain engaged with us as diamond manufacturers. GJEPC will strongly advocate that when regulating the sanctions the interests of SMEs and marginal diamond units should be kept in mind, recognizing their active contribution to this industry and the millions of livelihoods which are dependent on it. We will also be discussing with WDC and aligning all stakeholders to ensure that their businesses are not disrupted.

We are also making representations to the Indian Government, and we are confident that our leadership will ensure that the interests of the Indian trade are not compromised in any way.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished