It is located in Marin County, California.
Amid Unrest, Alrosa to Return to Zimbabwe
The Russian diamond miner said it plans to start exploration in the country by the middle of next month.
Harare, Zimbabwe—Alrosa is going to look for diamonds in Zimbabwe, again.
During a visit to Moscow earlier this month designed to shore up foreign investment, Zimbabwean President Emmerson Mnangagwa announced Alrosa’s intention to begin mining diamonds and other minerals in the country.
Mnangagwa has governed Zimbabwe since the 2017 ousting of longtime leader Robert Mugabe, and officially became president after winning a disputed election in August 2018.
The two countries began negotiating in 2018 and established the joint venture Alrosa (Zimbabwe) Ltd. on Dec. 6 in Zimbabwe’s capital, Harare.
When asked where in Zimbabwe it would be mining, Alrosa Vice President Vladimir Marchenko did not specify, saying only that the company will first concentrate on finding new kimberlite deposits.
He said Zimbabwe’s diamond potential “still remains largely untapped, with a lack of significant investments in geological surveying and exploration.”
“We are also open to sharing with the government of Zimbabwe our best practices in setting up responsible supply chains and comprehensive systems of control of the flow of diamonds that we have developed over the years. The plan will be implemented in cooperation with Zimbabwean partners,” he said.
Currently, state-owned miner Zimbabwe Consolidated Diamond Company is mining for diamonds in the Marange region—the region that was ground zero for the human rights crisis that led the Kimberley Process to ban Zimbabwe from exporting rough diamonds for a time— and RioZim Ltd. is mining in Murowa. (Rio Tinto used to own and operate the diamond mine there but sold its stake and left in 2015.)
Alrosa, which conducted diamond exploration in Zimbabwe in 2013 but pulled out a few years later, said its geologists and mining engineers will arrive in Zimbabwe by mid-February.
In light of the economic situation, I will be returning home after a highly productive week of bilateral trade and investment meetings. We will be ably represented in Davos by Minister of Finance, Mthuli Ncube. The first priority is to get Zimbabwe calm, stable and working again.
— President of Zimbabwe (@edmnangagwa) January 20, 2019
Alrosa’s announcement that it is entering Zimbabwe comes at a time of political and economic turmoil in the south African nation.
Citizens have been taking to the streets, burning tires and blocking roads in response to the recent government-implemented hike in the price of fuel that is symptomatic of larger economic problems.
In response, government security forces have launched their biggest crackdown on unrest in years, killing 12 and injuring hundreds more, The Washington Post reported Monday.
Zimbabwe President Mnangagwa tweeted Sunday that he would be cutting his overseas trip short to return to Zimbabwe “in light of the economic situation” there.
In subsequent tweets, he denounced protestors for being
The Latest
Concerns about rising prices, politics, and global conflicts continue to dampen consumer outlook.
May’s birthstone is beloved for its rich green hue and its versatility.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
The brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
Gifts that are unique and thoughtful are top of mind this year, according to the annual survey.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
The announcement came as the company reported a 23 percent drop in production in Q1.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.