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

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

Friction in the offing over Zim’s new diamond deposit

21 august 2012

Tension is in the offing between Zimbabwe’s governing parties over the newly found diamonds in Chimanimani.
The Standard Newspaper cited unnamed experts as saying that the Chimanimani diamond deposit occurred in the same geological structure as those of the Marange diamond fields.
DTZ-OZGEO, a joint venture between a Russian company OZGEO and the Development Trust of Zimbabwe were expected to go into full diamond mining in the area by end of the year.
The company had mined over 7 000 carats since the beginning of trial mining in 2010.
The Russian government, which has already expressed interest in Zimbabwe's mining and energy sectors, is finalising a Bilateral Investment Promotion and Protection Agreement with the Zimbabwean government.
Prime Minister Morgan Tsvangirai’s MDC deputy secretary for mines Pearson Mungofa said the problem with the Chimanimani diamond find was that the government had been ignoring proper procedures to safeguard the discoveries for the benefit of the nation.
"There is need to change the mode of control if anything is to be realised from these discoveries," he said.
Mungofa said the Chimanimani diamonds would be parcelled out to "favourites", saying current operations at the mine were not sustainable.
Mines and Mining Development minister, Obert Mpofu, however dismissed Mungofa's concerns, saying he was seeking “relevance".
"Presently, there is an on-going initiative by government to establish the extent of deposits in the area. When this is established, the focus will then be on encouraging indigenous players to enter for purposes of exploration and investment," he said. Mpofu said the DTZ-OZGEO joint venture had been present in the fields for a long time, with government's knowledge and the company was also involved in gold exploration activities.

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