Dr M'zée Fula Ngenge: Demand for considerable-sized diamonds stronger than ever

The African Diamond Council (ADC) chairperson Dr M'zée Fula Ngenge told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that although overall global diamond prices have been somewhat soft, the demand for considerable-sized diamonds...

02 september 2024

Amplats sees prospects as a standalone company

Anglo has revealed its plans to demerge Anglo American Platinum (Amplats), which has operations in South Africa and Zimbabwe, to optimise shareholder value. Rough&Polished contacted Amplats to comment on this and other issues but was referred...

19 august 2024

WFDB President Yoram Dvash Remains Confident Despite Global Diamond Challenges

Yoram Dvash is President of the World Federation of Diamond Bourses (WFDB) having been elected in 2020. He found time in his busy schedule to speak to Rough&Polished about the state of the diamond industry around the world and some of the major...

12 august 2024

Lyudmila Vysotskaya: Amber is a mystical stone, a living substance

Lyudmila Vysotskaya is a Kaliningrad-based amber artist and designer, expert, chairwoman of the Amber Academy and member of the Creative Union of Artists in Decorative and Applied Arts. This summer, visitors could admire the art works by Lyudmila Vysotskaya...

30 july 2024

De Beers shines light on budding jewellery designers

Diamond giant De Beers will this year conduct its bi-annual Shining Light Awards jewellery design competition. De Beers beneficiation manager Kagiso Fredericks told Rough & Polished's Mathew Nyaungwa in an exclusive interview they set aside 4.5 carats...

22 july 2024

Settling Issues Decisively

05 march 2012

Towards the end of last year, two significant developments took place where the KPCS and the issue of Marange diamonds were concerned: exports out of Marange were allowed subject to KP monitoring and certification; and the US, one of the most contentious parties in the debate, took the KP chair, Diamond World writes in its Weekly E-Post.
Several months later, after KP Monitors were satisfied about compliance, goods have even begun to flow out of Zimbabwe. However, one main issue still remains – US sanctions in place against Marange goods; leading to various difficulties for companies in the manufacturing centres dealing in those goods. Despite industry representations, US authorities remain immovable on removing the sanctions, we are told by industry veterans.
This puts the US representatives in KP, and the newly appointed chairperson Gillian A. Milovanovic in quite a contradictory position, to say the least.
The move to make the chain of custody assurance mandatory has been officially deferred for the moment. However, US jewellers continue to demand assurances from suppliers that they do not deal in Marange goods. It is a confounding situation, not merely a contradictory one. It is important for the KP chair and other authorities on the home turf in the US, to work out a solution. What is kosher for the goose, should in theory and practice be kosher for the gander as well. If not, KP’s standing and status will once again be called in question, which will be quite detrimental to the world diamond community.