Mbada Diamonds, one of the companies in the region Marange (Marange), which led to the extraction of diamonds since 2007 and whose diamond concessions were confiscated by the Zimbabwean authorities in early 2016, has been accused of shortage of millions of dollars to the state treasury due to the undervaluation of the extracted stones on for many years.
The average price per carat of diamonds allegedly was approximately three times lower than that of other companies, mining gems in Marange, according to the Herald newspaper.
This fact was revealed during a visit by a government commission concession.
"The average selling price of a diamond company Anjin was $ 44 per carat, for DMC (Diamond Mining Company) - $ 46,66 per carat for DTZ (OZGEO) it was at the level of $ 49.42 per carat, while Jinan it was the highest and amounted to . $ 89 per carat then go Marange with an average price of $ 67.60 per carat, and closes the list with the worst result Mbada a price of $ 23 per carat, "- said the head of the Zimbabwe Consolidated Diamond Company (ZCDC) Nyashanu Ridge (Ridge Nyashanu).
"If you look at Mbada, then its concession has the highest concentration of diamonds and their quality, but it is unclear why the average price was only at the level of $ 23 per carat In my opinion, this fact -. A good reason for the consolidation you need transparency, and you. We need to monitor what is happening with your diamonds This is the best concession (Mbada), but with worse results, "-. he added.
Mbada was one of the companies which opposed the judicial decision on the audit of the Marange diamond mining operations, initiated by the government, forcing the authorities to invoke the powers of the Auditor General to continue these actions.
The audit is still underway.
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Retailer of diamond jewelry Signet Jewelers Limited held consultations with the De Beers Group and the Council for Responsible Jewelry Practice (RJC) development designed Signet protocol to confirm the responsible origin of diamonds (Signet Responsible Sourcing Protocol for Diamonds, D-SRSP), which enhances the transparency and continuous improvement of the integrity of the world's supply of diamonds, according to a company press release.
"As an industry, we are always looking for ways to continuously improve and reliance on existing standards in the diamond supply chain. D-SRSP was developed in parallel with other industry leaders in order to increase transparency, making it practical and feasible way. The purpose of this protocol - to achieve real and meaningful improvements in the diamond supply chain as a whole ", - says CEO Mark Layt (Mark Light).
"Diamonds - emotional product, and our collective responsibility as an industry is to provide consumers with confidence in the diamonds they buy. De Beers maintains strong and equal standards in the jewelry industry to ensure that the supply chain is controlled and certified by the origin of the stones. We are therefore pleased that our sightholders can demonstrate their compliance with D-SRSP through BPP », - said the head of De Beers unit for relations with public authorities and industry Feriel Zeruki (Feriel Zerouki).
"The position of RJC to confirm the origin of the stones (RJC Provenance Claim) is designed precisely in order to allow companies to get tested confirm - as D-SRSP - and include them as part of RJC certification procedure", - says the executive director of RJC Endryu Bon (Andrew Bone).
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