Tuesday 8 May 2018

Robert Mugabe’s appearance in diamonds inquiry delayed



Former Zimbabwe president Robert Mugabe will not appear before a parliament committee this week to answer questions on multi-billion-dollar corruption in the diamond industry after the hearing was postponed, a lawmaker said on Monday.The 94 year old Mugabe had been summoned to appear before the mines and energy committee on Wednesday.

But the member of parliament who is leading the inquiry said the hearing had been postponed to a date yet to be decided by the clerk of parliament.“The committee had already resolved to invite the former president to give evidence,” Temba Mliswa, mines and energy committee chairperson told AFP.“It is the clerk of parliament who will write to him (Mugabe) to come to parliament.”

Mugabe’s name did not appear on the parliament committee meetings scheduled for this week.The lawmakers plan to question Mugabe over his 2016 claim that the country had lost $15-billion (R188-billion) due to corruption and foreign exploitation in the diamond sector.

The committee has already interviewed former ministers, police and intelligence chiefs to answer on diamond mining operations at the vast Chiadzwa gem fields.

Mugabe ruled Zimbabwe from 1980 until he was ousted last year after the military took over briefly and his once loyal Zanu PF party turned against him.

The former ruler, whose own regime was accused of siphoning off diamond profits, has described his ousting as a coup, and that it must be “undone”.

Zimbabwe discovered alluvial diamonds in Chiadzwa, in the east of the country, over 10 years ago, and rights groups have accused security forces of using brutal methods to control the scattered deposits.

Rights groups say over 200 people were killed during operations to remove illegal panners from the area.
Amid allegations of massive looting, Zimbabwe allowed several diamond companies to mine the area – most of them as joint ventures between the government and Chinese firms.

Source: AFP

Robert Mugabe’s appearance in diamonds inquiry delayed



Former Zimbabwe president Robert Mugabe will not appear before a parliament committee this week to answer questions on multi-billion-dollar corruption in the diamond industry after the hearing was postponed, a lawmaker said on Monday.The 94 year old Mugabe had been summoned to appear before the mines and energy committee on Wednesday.

But the member of parliament who is leading the inquiry said the hearing had been postponed to a date yet to be decided by the clerk of parliament.“The committee had already resolved to invite the former president to give evidence,” Temba Mliswa, mines and energy committee chairperson told AFP.“It is the clerk of parliament who will write to him (Mugabe) to come to parliament.”

Mugabe’s name did not appear on the parliament committee meetings scheduled for this week.The lawmakers plan to question Mugabe over his 2016 claim that the country had lost $15-billion (R188-billion) due to corruption and foreign exploitation in the diamond sector.

The committee has already interviewed former ministers, police and intelligence chiefs to answer on diamond mining operations at the vast Chiadzwa gem fields.

Mugabe ruled Zimbabwe from 1980 until he was ousted last year after the military took over briefly and his once loyal Zanu PF party turned against him.

The former ruler, whose own regime was accused of siphoning off diamond profits, has described his ousting as a coup, and that it must be “undone”.

Zimbabwe discovered alluvial diamonds in Chiadzwa, in the east of the country, over 10 years ago, and rights groups have accused security forces of using brutal methods to control the scattered deposits.

Rights groups say over 200 people were killed during operations to remove illegal panners from the area.
Amid allegations of massive looting, Zimbabwe allowed several diamond companies to mine the area – most of them as joint ventures between the government and Chinese firms.

Source: AFP

Monday 7 May 2018

The Farnese Blue diamond



The Farnese Blue diamond a 6.16 carat pear shaped, GIA graded as  Fancy dark gray blue.

Sotheby’s Magnificent Jewels and Noble Jewels in Geneva will auction the diamond on May 15.

The history of the diamond : Recovered in Indian Golconda region, the diamond was first given to Elisabeth Farnese, Queen of Spain in 1714.

It then passed to her son Philip, Duke of Parma, and through various Italian nobles ending with the Habsburg family.

Source: DCLA 

The Farnese Blue diamond



The Farnese Blue diamond a 6.16 carat pear shaped, GIA graded as  Fancy dark gray blue.

Sotheby’s Magnificent Jewels and Noble Jewels in Geneva will auction the diamond on May 15.

The history of the diamond : Recovered in Indian Golconda region, the diamond was first given to Elisabeth Farnese, Queen of Spain in 1714.

It then passed to her son Philip, Duke of Parma, and through various Italian nobles ending with the Habsburg family.

Source: DCLA 

Sunday 6 May 2018

Sarine Secures First Retailer for 4Cs Grading



Japanese jewelry retailer K-Uno is the first to adopt Sarine Technologies’ 4Cs diamond grading reports.

K-Uno has implement the artificial intelligence based platform at all its stores across Japan.

The record will add additional features, including 4Cs grades, to the current Sarine Profile report, which lists characteristics such as light performance and hearts and arrows.

The report will use artificial intelligence to grade qualities such as clarity and colour.

“Our 4Cs report creates an intuitive digital experience that will help engage K-Uno customers throughout the diamond-purchase journey,” Sarine CEO David Block said last week. “We expect additional retailers in the Asia Pacific region to soon be adopting the new reports.”

Source: DCLA

Sarine Secures First Retailer for 4Cs Grading



Japanese jewelry retailer K-Uno is the first to adopt Sarine Technologies’ 4Cs diamond grading reports.

K-Uno has implement the artificial intelligence based platform at all its stores across Japan.

The record will add additional features, including 4Cs grades, to the current Sarine Profile report, which lists characteristics such as light performance and hearts and arrows.

The report will use artificial intelligence to grade qualities such as clarity and colour.

“Our 4Cs report creates an intuitive digital experience that will help engage K-Uno customers throughout the diamond-purchase journey,” Sarine CEO David Block said last week. “We expect additional retailers in the Asia Pacific region to soon be adopting the new reports.”

Source: DCLA

Thursday 3 May 2018

Lucapa recovers large pink diamond in Angola



The company announced that it has recovered a 46 carat pink diamond from the Lulo diamond project in Angola, a source of a series of high carat discoveries in recent years.

What makes this particular find significant for Lucapa is its location. The 46 carat rough diamond was recovered from a new prospect Mining Block 4, an area planned for resource delineation later this year and set to be included in Lucapa’s alluvial JORC resource update to be published in the coming months.

Source: DCLA

Petra Sales Up, Prices Down

Petra Diamonds Operations Petra Diamonds reported increased sales for FY 2024, despite weak market conditions. The UK based miner said it ha...