Sarine’s David Block: Diamond Industry at Standstill Until Chinese Demand Returns

David Block is CEO of Israel’s Sarine Technologies and has served in the position since 2012. In this exclusive interview for Rough and Polished, Block gives his opinion on the leading issues affecting today’s diamond trade.

11 september 2024

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

Zim teachers want diamond revenue pay their salaries – report

12 july 2012

The Progressive Teachers Union of Zimbabwe (PTUZ) said proceeds from Marange diamond sales should be used to pay their salaries.
The union president Takavafira Zhou was quoted by SW Radio Africa as saying that the teachers would launch a “crippling” strike if their demands for higher pay and better working conditions are not met.
He said the discovery of the “wealthy” diamond deposits should have by now changed the welfare of civil servants.
‘[Marange diamonds] are not being harnessed by the government for the benefit of Zimbabwe or civil servants,” Zhou said.
Finance Minister Tendai Biti had projected revenue of $600 million from Marange diamond sales this year but only $25 million was said to had been remitted to treasury so far.
Biti said the Chinese owned Anjin mine had not been remitting anything to the treasury, despite making super profits.
Anjin denied the minister’s claims.

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