Paul Zimnisky warns diamond industry is "killing the proverbial golden goose," urges radical split from LGDs

Diamond industry analyst Paul Zimnisky delivered a sobering assessment of the sector's 2025 performance, placing blame squarely on the trade's own practices. He argued that by marketing natural and lab-grown diamonds (LGDs) as interchangeable...

29 december 2025

Goldplat reports challenging year with strategic shifts amid lower profits

Goldplat PLC's annual report for the year ended 30 June 2025 presents a year of operational and financial challenge, marked by a significant reduction in profitability. The company reported a profit after tax attributable to owners of GBP1,01 million...

22 december 2025

David Johnson: De Beers charts cautious Angola return amid industry transformation

De Beers is rebuilding its presence in Angola through government partnerships and community engagement, marking a strategic comeback following its difficult exit years ago from the diamond-rich nation. However, De Beers spokesperson David Johnson cautioned...

24 november 2025

Maria Krasnova: Colored gemstones are a serious investment

Maria Krasnova, Executive Director of the renowned company “Samotsvety ot Sokolov” (Gems by Sokolov), spoke to Rough&Polished about the Gemstone project aimed at selling precious stones, as well as about current market trends, new challenges...

17 november 2025

Forging a new legacy: Tshenolo Ntshekang on building a black-owned diamond beneficiation business in South Africa

In an industry historically defined by limited access and foreign dominance, Tshenolo Ntshekang is carving a new path. The founder of Banzi and Karolo Projects, a black-owned diamond beneficiation business, Ntshekang, represents a growing wave of...

03 november 2025

Ex- Tiffany & Co executive joins Diamcor as an independent director

20 march 2024

Diamcor Mining says recently retired Tiffany & Co. executive Wayne Howard, has joined the company’s board as an independent director.

“I am very pleased to announce the addition of Mr. Howard to our Company’s board as an Independent Director,” said Diamcor chief executive Dean Taylor.

“Having collaborated with Wayne at Tiffany & Co. over the years on the current and future direction of the diamond industry, and the growing complexities of securing supplies of non-conflict natural rough diamonds, I could not think of a better person to assist our company at a time when our desire is to grow our business and position ourselves as a key additional source of rough diamonds to reputable diamantaires and luxury retailers.”

Howard has held various senior executive positions over his extensive career including vice president finance, executive vice president global operations, director of marketing and sales and business owner.

Diamcor said Howard also has extensive knowledge of the diamond industry and well-established relationships with key industry players.

Meanwhile, the diamond company said it has agreed to grant Howard options to purchase 3 million shares to be priced at $0.10 per share.

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