DiamondBuzz
ZCDC diamond guards accused of cold blooded murder of citizens
Security guards working for the government-owned Zimbabwe Consolidated Diamond Company (ZCDC) have killed “scores of citizens in cold blood,” according to a coalition of Zimbabwean civil society organizations.They also accuse the ZCDC of torturing artisanal diamond miners in the Marange diamond fields, as a punishment for alleged illegal mining.
Eight groups, including the National Mine Workers Union of Zimbabwe, Zimbabwe Artisanal Miners Association and Zimbabwe Diamond Workers Union call on ZCDC to publicly acknowledge their culpability in Mutindindi’s death.
They make a series of additional demands, that includes sending all ZCDC security personnel for human rights training, and conducting a voluntary human rights audit to understand the extent and nature of ZCDC human rights violations.The ZCDC started operations in February 2016 as part of a government initiative aimed at enhancing transparency and accountability in the diamond sector.
In 2023 the US sanctioned Zimbabwe’s President Emmerson Mnangagwa for human rights abuses, corruption and smuggling gold and diamonds.Mnangagwa, 81, who has held office since 2017, insists the claims against him are “defamatory” and “malicious”.
DiamondBuzz
Richemont and Signet Jewelers Could Join Global Diamond Consortium In Bid For De Beers
Richemont, Signet Would Connect The Consortium To Key Global Growth Vectors Spanning Luxury High Jewelry and Mass-Market Retail.
The Global Diamond Consortium (GDC)
Richemont and Signet Jewelers are reported to be in talks about joining the Global Diamond Consortium (GDC), the preferred bidder for De Beers according to a Bloomberg News report.
​GDC was selected in July 2026 as one of Anglo American’s preferred bidders for De Beers as part of Anglo American’s ongoing corporate restructuring.
​The potential inclusion of Richemont—owner of luxury Maisons including Cartier and Van Cleef & Arpels—and Signet Jewelers—the world’s largest retailer of diamond jewelry, operating brands such as Kay Jewelers, Zales, and Jared—would connect the consortium to key global growth vectors spanning luxury high jewelry and mass-market retail.
​Strengthening the Natural Diamond Ecosystem: Participation by major luxury brands and global retail leaders reinforces commitment across the entire value chain—from responsible mining and manufacturing to consumer engagement.
​Balanced Governance Structure: Discussions center on potential minority equity positions that would support long-term category growth while maintaining appropriate separation between ownership and commercial strategy.
​Broad Stakeholder Participation: The consortium continues to advance talks with host governments, including discussions with the Government of Botswana regarding a potential increase in its equity share in De Beers from 15% to approximately 25%, alongside participation from private investors and southern African host nations.
​​Discussions between GDC, Richemont, Signet, and participating government stakeholders remain ongoing. Terms of any potential participation, including the size of equity interests, have not been finalized and remain subject to regulatory approvals and definitive documentation.
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