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Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

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The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018

Our first priority is to better understand artisanal and small-scale mining - Elodie Daguzan

The Diamond Development Initiative (DDI), the organization dealing with the traditional diamond mining, recently announced the appointment of Élodie Daguzan as its first Goodwill Ambassador. Ms. Daguzan, who currently works as head of communication...

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Zimnisky on De Beers’ Lightbox: It’s a strategic, bold move that will benefit the entire natural diamond industry

De Beers shocked all and sundry end of May when it announced the launch of a new company called Lightbox Jewelry, which will market a new brand of laboratory-grown diamond jewellery in September. This effectively meant that the group had departed from...

01 june 2018

Tracking the provenance and lifecycle of a product is a natural and necessary evolution in our industry

A senior executive with a demonstrated history of working globally at management and board levels, Marcus ter Haar has been the Managing Director at Okavango Diamond Company (ODC), Botswana for about 10 months now, prior to which he held the...

28 may 2018

Lesotho seeks to lift diamond output to 1 500 000 ct/yr by 2020

13 february 2017
Lesotho said it is working towards increasing its diamond production from 340 000 carats to about 1 500 000 carats by 2020.
Mines minister Lebohang Thotanyana told delegates at the African Mining Indaba in Cape Town that the opening of four additional diamond mines in the country would augment production currently coming from Letšeng and Storm Mountain Diamonds.
He said Liqhobong Diamond Mine commenced production last year and was expected to reach full production in 2018 while Kolo Diamond Mine was currently under trail mining and expected to start production in the second quarter of 2017.
Just recently, Lesotho completed a sale of 70 percent shareholding in Mothae to Lucapa Diamond Company.
The diamond mine, previously owned by Lucara Diamond, was expected to commence production by end of the year, said Thotanyana.
He also said that an expression of interest had been issued to investors interested in the Lemphane Diamond Mine.
The minister said the country had 20 areas open for prospecting.
“The first batch (five areas) was advertised in the last quarter of 2016 and currently under evaluation,” he said.
“The next batch will be advertised in the second quarter of 2017…prospecting licences are issued for an initial period of two years and may be extended for an additional year.”
Meanwhile, Thotanyana said Lesotho was set to add value to diamond produced in the country.
“Our government is reviewing its mining legal framework and making recommendations on streamlining or eliminating regulatory barriers and to provide for diamond beneficiation,” he said.  
Lesotho was known for producing some of the largest diamonds attracting highest price per carat.
Its operating mines recorded an average price of $931.39 per carat in 2015 compared with a global average of $108.96 per carat.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished

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