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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
Rough diamond
NGOs Slam Industry’s Human-Rights Efforts
Civil-society groups have lashed out at the diamond trade over its apparent leniency in preventing human-rights abuses from tainting the supply chain. The recent update to the World Diamond Council’s (WDC) System of Warranties...
Fair Trade Nov 13, 2018 Rapaport News
Artisinal Mining
CAR Appeals for Wider Diamond Clearance
The Central African Republic (CAR) is hoping this week’s Kimberley Process (KP) meeting will help raise its rough-diamond exports. Mining Minister Leopold Mboli Fatran is appealing to the KP to approve nine additional zones from...
Rough Markets Nov 12, 2018 Avi Krawitz
Stephane Fischler 150
Conflict-Diamond Definition on KP Agenda
The World Diamond Council (WDC) will propose an expandeddefinition of conflict diamonds at this week’s Kimberley Process (KP) plenarymeeting in Brussels. The broader wording will address “grave and systematicviolence,” the WDC said Thursday, without...
Fair Trade Nov 11, 2018 Leah Meirovich
T Mark
The Diamond Trade’s Provenance Challenge
Several traceability programs have launched in the past two years, marking a shift in the way the diamond and jewelry trade operates. The question of whether a diamond could be traced throughout the distribution chain initially...
Polished Markets Oct 31, 2018 Avi Krawitz
CAR diamonds
Violence Limiting CAR Diamond Exports
Continued violence in the Central African Republic (CAR) ismaking it impossible for the nation to develop its diamond sector, according to the World DiamondCouncil (WDC). A massacre in Bria left 30 people dead last week — thelatest in a string...
Rough Markets Oct 25, 2018 Leah Meirovich
Brexit
Brexit Could Halt UK Rough Trade
The UK will temporarily be unable to import and export roughdiamonds if the nation leaves the European Union without an exit deal, thegovernment has warned. The UK is currently a member of the Kimberley Process (KP) byvirtue of its being...
Rough Markets Oct 21, 2018 Rapaport News
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