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Zimnisky: Hard to protect lab-diamond price as production methods, economics improve

Paul Zimnisky, an independent diamond industry analyst and consultant, said it will be very difficult for the lab-diamond manufactures to protect price as production processes and economics improve. He told Rough & Polished’s Mathew Nyaungwa in an exclusive...

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James Campbell: Scoping study results for SA’s Thorny River due mid-year

Botswana Diamonds appeared to have expended most of its energy and resources last year on the new Thorny River project in South Africa as its Sunland Minerals joint venture with Alrosa, in Botswana takes long to find diamonds despite significant effort...

16 april 2018

MGCJ founder Branko Deljanin: Production of synthetic diamonds is still larger than consumption

Founder and Chairman of the Mediterranean Gemmological and Jewellery Conference, MGJC, Branko Deljanin kindly agreed to answer questions from Rough&Polished related to synthetic diamonds and the upcoming 4th session MGJC in May in Budva, Montenegro.

09 april 2018

There is some magic in a diamond

Alexander Gorynya is a Director General of the St. Petersburg-based Kongo jewellery company. He is a Chairman of the Union of North-West Jewellers. In 1978, he graduated from the North-Western Extramural Polytechnic University. Since 1983, he worked...

02 april 2018

Looking for the Kimberley Process achieving further and meaningful sustainable progress

On March 7, 2018, the United Nations General Assembly welcomed the progress made by the Kimberley Process Certification Scheme to break links between the diamond trade and conflict and adopted a consensus resolution aimed at intensifying that work aligning...

26 march 2018

Botswana dismisses WB calls to open up on mega diamond mining deals

19 may 2017
Botswana has defended its silence on “mega” diamond mining deals saying that “no country signs transparent agreements”.
Reuters recently quoted World Bank Group consultant Nils Handler as saying that government’s decision to keep the negotiation process around contracts for diamond mining and large integrated projects confidential was a cause for concern.
He said a more open process, including published contracts, would assist Botswana in becoming a more transparent and accountable jurisdiction.
However, Botswana’s minerals and water affairs minister Sadique Kebonang dismissed World Bank’s concerns saying that commercial agreements were confidential by nature because of the sensitive of information they carry.
“We have various representatives from the Ministry, parastatal and private sectors Government and private attorneys and mining experts who are part of government’s negotiating team,” he was quoted as saying by Mmegi newspaper.
“The participation of such parties in the negotiation process renders the negotiation process transparent.”
He also said, “even the World Bank, when they give us loans some details of the loan agreement are kept secret”.
Kebonang said details of the mega mining deals would be made public once agreements had been sealed.
Botswana, according to Reuters, earns 89 percent of its foreign exchange income and 30 percent of national revenues from mining, mainly diamonds.
It had numerous large-scale mining, sales and marketing contracts with De Beers, a unit of Anglo American.
De Beers and Botswana jointly own Debswana and DTC Botswana.
Botswana also owns a 15 percent stake in De Beers.

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

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