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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...

Yesterday

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...

04 june 2018

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

Lucapa registered as 70pc shareholder in Mothae Diamonds

22 march 2017
Lucapa Diamond said it was registered as a 70 percent shareholder in Mothae Diamonds Limited (MDL), which holds the mining licence and other assets related to the advanced Mothae Kimberlite Diamond Project in Lesotho.
This development follows the issuance of a new 10-year mining licence to MDL for Mothae.
Lucapa had also made the first $400,000 payment to the government of Lesotho for its stake in MDL.
The also said that it had appointed its representatives to the board of MDL.
The representatives would include managing director Stephen Wetherall, chairperson Miles Kennedy and chief operating officer Nick Selby.
“In addition, Lucapa has appointed Mr Keith Whitelock and Mr Jan Venter to the MDL Board,” said Lucapa.
“Mr Whitelock is a former Chief Executive of Letšeng Diamonds and both he and Mr Venter have significant experience in diamond mine development in Lesotho.”
Meanwhile, the company said it had engaged independent consultants to convert the Canadian NI43-101 Mothae diamond resource to JORC 2012 compliant standards.
“This work is expected to be completed shortly,” it said.
Lucapa plans to bring Mothae into production within 12 months.

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

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