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Marange Fields
US Bans Import of Zimbabwe Diamonds
US Customs and Border Protection (CBP) has blocked theimport of rough diamonds mined from the Marange fields in Zimbabwe, claimingthey were produced using forced labor. “CBP is firmly committed to identifying and preventingproducts made with...
Mining Oct 03, 2019 Rapaport News
CAR President
CAR Announces Diamond-Buying Reforms
The Central African Republic (CAR) on Thursday unveiled a program to overhaul its diamond sector, with the goal of increasing its export revenue. Diamond buyers operating in the country must pledge to improve transparency and meet...
Rough Markets Oct 03, 2019 Rapaport News
Stephane Fischler
WDC Warns Against Smuggled CAR Diamonds
The World Diamond Council (WDC) has cautioned the trade to be vigilant when buying diamonds from the Central African Republic (CAR) since most of the country’s rough is being smuggled across its borders.The Kimberley...
Rough Markets Oct 02, 2019 Avi Krawitz
WDC Kaninda 150
WDC Executive Director Exits Organization
Marie-Chantal Kaninda hasstepped down as executive director of the World Diamond Council (WDC) after two and a half years in the position. “Marie-Chantal’s influence on the WDC has been profound,”WDC president Stephane Fischler said Tuesday.“As...
Rough Markets Sep 03, 2019 Rapaport News
DPA video
DPA Seeks to Eradicate Diamond Misconceptions
The Diamond Producers Association (DPA) has released a campaign that aims to challenge misconceptions about diamond mining inan effort to capture millennial consumers. “The goal is to convey some of the key facts and truthsabout natural...
Marketing Aug 19, 2019 Rapaport News
WFDB
Blom Urges KP to Define Systemic Violence
The war on conflict diamonds will remain at a standstilluntil the industry can agree on what constitutes systemic violence, according to World Federation of Diamond Bourses (WFDB) president Ernie Blom. The lack of agreement on the matter is preventing...
Polished Markets Jul 29, 2019 Leah Meirovich
Alrosa rough diamonds 150
Alrosa Partners with Zimbabwe Mining Company
Alrosa has agreed to a joint venture with nationalminer Zimbabwe Consolidated Diamond Company (ZCDC) for exploring new diamondprojects in the country. The deal, which provides Alrosa with a 70% stake in any newgreenfield deposits, encompasses...
Mining Jul 17, 2019 Rapaport News
Alrosa
Rough Trading Slowed in 2018
Global rough-diamond shipments dropped last year,reflecting slower trading in India and Belgium, according to new data from theKimberley Process (KP). Total rough imports slipped 3% to $48.49 billion for 2018,with volume down 7% to 424.2 million...
Rough Markets Jul 09, 2019 Rapaport News
Rough diamonds
Global Diamond Production Value Rises
Global rough-diamond output grew 2% to $14.47 billion lastyear, reflecting higher production in Botswana, according to data the KimberleyProcess (KP) released last week.The average price increased 4% to $97 per carat, outweighinga 2% decline in production volume to 148.4...
Mining Jul 07, 2019 Rapaport News
Joyce Trust Diamond 150
Trust Is Key for Ethical Dealing, Say Suppliers
Transparency is a growing goal for wholesalers, but there’sanother “T” word that may be even more important: trust. In an industry definedby long-abiding relationships, assurances of ethical sourcing depend heavily ona seller’s reputation for integrity. Opening...
Polished Markets Jun 19, 2019 Joyce Kauf
KP Intersessional
Industry Leaders Encourage Reform at KP
World Diamond Council (WDC) president Stephane Fischlerurged Kimberley Process (KP) member governments to reach an agreement on trade-reform issues, including expanding thedefinition of a conflict diamond. “We are relying on each of you, during this final year...
Mining Jun 17, 2019 Rapaport News
Yellow diamond
US Looks to Tighten Jewelry-Origin Rules
The US government wants the jewelry industry to declare the origin of all materials in products, trade organizations learned this week.State Department officials met with industry representatives on Monday to brief them on the plans.The possible rules...
Financial-Legal Apr 18, 2019 Joshua Freedman
CAR
CAR Invites De Beers and Alrosa to Mine Its Diamonds
The Central African Republic (CAR) is trying to entice large diamond-mining companies to set up operations in thecountry, as part of its effort to reform the sector and meetKimberley Process (KP) regulations. The government has already contacted both...
Mining Apr 02, 2019 Leah Meirovich
WDC UN
UN Resolution Calls for KP Reforms
The United Nations General Assembly (UNGA) has enacted aresolution calling for reforms to increase the effectiveness of the KimberleyProcess (KP), the World Diamond Council (WDC) said. The European Union proposed the resolution...
Rough Markets Mar 05, 2019 Rapaport News
Botswana Zimbabwe
Botswana Denies Zimbabwe Loan Report
The president of Botswana has repudiated claims that thecountry planned to loan Zimbabwe $600 million to support its diamond industry and private sector. Last week, Zimbabwe’s media quoted its secretary of foreign affairs and...
Rough Markets Mar 03, 2019 Rapaport News
WDC KP
KP Needs to Embrace Change, WDC Says
World Diamond Council (WDC) president Stephane Fischler hasurged the Kimberley Process (KP) to implement changes before the end of itsthree-year review. “The organization must grasp an historic opportunity tocorrect shortfalls in the system designed...
Rough Markets Mar 03, 2019 Rapaport News
De Beers sight box
De Beers Ready to Relax Its Provenance Rules
De Beers is planning to loosen its source-disclosure restrictions for sightholders following requests for increased transparency, Rapaport News has learned.The company consulted with clients during this week’s sightin Botswana, proposing to let them refer...
Rough Markets Dec 13, 2018 Joshua Freedman
Marange diamond fields
Marange Critical to Zimbabwe Reforms, Says NGO
Global Witness is calling for improved transparency in Zimbabwe’s diamond sector, pitching it as a test case for the new president’s economic reforms.“The new government’s handling of the Marange diamond industry will be a clear indication of whether its...
Mining Dec 09, 2018 Rapaport News
Alrosa rough
‘Diamonds and Lies’ Exposes the Real Fake
In the era of fake news and synthetic diamonds, it was a matter of time before the two would meet. They did so recently in the form of editorials in the South China Morning Post (SCMP) and on the Russia...
Polished Markets Dec 06, 2018 Avi Krawitz
Artisanal diamonds miner in Sierra Leone
WDC Issues Definition of Conflict Diamonds
The World Diamond Council (WDC) has released its proposed newKimberley Process (KP) definition of conflict diamonds, which addresses abroader range of human-rights abuses. The definition describes them as “rough diamonds used bypublic security...
Fair Trade Nov 14, 2018 Rapaport News
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