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De Beers to Sell Diamonds Made in a Lab

De Beers to Sell Diamonds Made in a Lab

De Beers, which almost single-handedly created the allure of diamonds as rare, expensive and the symbol of eternal love, now wants to sell you some party jewelry that is anything but. The company announced today that it will start selling man-made diamond jewelry at a fraction of the price of mined gems, marking a historic […]

How the Wealth From Sierra Leone Diamonds Fails to Enrich Local Communities

How the Wealth From Sierra Leone Diamonds Fails to Enrich Local Communities

Ever since diamonds were discovered in Sierra Leone in the 1930s, they have had a significant impact on the country – socially, politically and economically. This is partly to do with how they are extracted from the ground. In countries in southern Africa, diamond mining is mostly undertaken by large-scale, mechanised companies, which monitor and […]

South Africa, Botswana Clash Over Diamonds

South Africa, Botswana Clash Over Diamonds

Diamond production behemoth De Beers Group of Companies will hold a Sight next week at Diamond Trading Company Botswana (DTCB) in Gaborone where they will auction stones without rough diamonds from neighbouring South Africa. This follows a shocking decision last week by South Africa’s minerals minister, Mosebenzi Zwane, of refusing to grant an exemption to […]

Penhalonga Diamonds Find Worries Locals

Penhalonga Diamonds Find Worries Locals

Residents here say they were worried following reports that there could be deposits of kimberlite diamonds in the community and surrounding areas. Villagers fear that the experiences at Marange could be repeated in their community. The government unleashed the army in a bloody campaign on Marange after thousands of panners swooped on the district following […]

Diamonds are durable and now information can be stored in them

Diamonds are durable and now information can be stored in them

“This is just a beginning, but these initial results provide us a potential way of storing huge amount of data in a brand new way,” say the scientists. It’s said diamonds are forever and if the results of a new study published this week leads to a new, more practical use of the precious stones, […]

Zimbabwe Spends USD1,2 Million On Suspended Marange Bosses

Zimbabwe Spends USD1,2 Million On Suspended Marange Bosses

The State-controlled diamond outfit, Marange Resources spent US$1,2 million in salaries for seven suspended executives during the 11 months to December 31, 2014 due to delays in concluding investigations into their cases, an audit report has disclosed. The executives were suspended in February last year after allegations of misconduct and abuse. It was not clear […]

Mining Giant Rio Tinto Leaves Zimbabwe

Mining Giant Rio Tinto Leaves Zimbabwe

Rio Tinto has disposed of its stake in Murowa Diamonds and Sengwa Colliery Limited as the global resources giant exits the local mining sector. In a notice on Friday, Rio Tinto said it had completed the sale of its 78% interest in Murowa Diamonds and 50% interest in Sengwa Colliery Ltd (Sengwa) to RZ Murowa […]

Italian Mafia kingpin swindled Zimbabwe of half a billion of diamonds

Italian Mafia kingpin swindled Zimbabwe of half a billion of diamonds

An extensive investigation by the African Network of Centres for Investigative Reporting (ANCIR) and Investigative Reporting Project Italy says Mafia kingpin Antonio Messicati Vitale who has been arrested in Italy for murder, illegal arms trading, human trafficking, money laundering and drug dealing, among other charges operated through a company called Zimbabwe Diamond Opportunity. Messicati Vitale […]

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