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Lucapa to become a niche diamond company, says Wetherall

Lucapa Diamond believes that it will become the only company in the world with multiple diamond mining operations whose average diamond value is in excess of $1,000 per carat, once the Mothae mine is commissioned this year. Company chief executive and...

19 february 2018

Zimnisky: Diamonds lack fungibility to be a major investment product

Physical diamonds will never be a viable widespread investment product simply because they inherently lack fungibility, meaning they are all unique, according to Paul Zimnisky, an independent diamond industry analyst and consultant, who is based in New...

12 february 2018

Julien-Vincent Brunie: "Being surrounded by beauty and art is a privilege!"

This last December, shortly before Christmas, the Auction House of Christie's arranged a private display of jewelry in Moscow. The correspondent of Rough & Polished, who had an opportunity to visit this event, was able to admire a luxurious collection...

05 february 2018

Ali Pastorini: We would like meeting Mujeres Brillantes 2018 to be held in Russia

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 500 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

29 january 2018

Diamond Exchanges promote healthy development of the diamond industry, besides safe and basic infrastructures for diamond trade

Prior to joining the Guangzhou Diamond Exchange, Liang Weizhang served as a civil servant of Guangdong Entry-Exit Inspection & Quarantine Bureau as the director of the Kimberley Process Office. He participated in the KP Review missions to South Africa...

22 january 2018

Botswana Diamonds identifies kimberlite pipe on SA’s Ontevreden licence

17 july 2017
Botswana Diamonds said prospecting work on the Ontevreden licence held by Vutomi in South Africa has identified a group two kimberlite pipe. 
It said initial work indicated a size of 1.5 to 2.5 hectares in area containing high interest garnets. 
“A new kimberlite discovery in an area where high grade kimberlites are being mined offers exciting prospects for the company,” said Botswana Diamonds chairperson John Teeling.
The company said detailed drilling of the area would follow to confirm the size and whether it contains commercial diamonds.
Ontevreden was close to the Petra Diamonds Helam diamond mine in North West South Africa some 400 km from Frischgewaagt (FGT) in a separate kimberlite cluster. 
Helam has a grade of 85 carats per hundred tonne (cpht).
Botswana Diamonds entered into an option and earn-in agreement with Vutomi Mining and Razorbill Properties, a private diamond exploration and development firm in South Africa last February.
It agreed to pay Vutomi a total of £942,000 in cash, of which £581,000 would be used to fund exploration activities.
In addition, the company would issue 100 million ordinary shares of 0.25p each to Vutomi shareholders, after which the company would own 72 percent of Vutomi.
The flagship project, Frischgewaagt, was in the Limpopo Province.
Botswana Diamonds recently said that the Vutomi prospect at Frischgewaagt had an indicated a medium grade of 78 cpht in a range of 64 to 110 cpht at a bottom cut off of +1 mm after the inclusion of results of the bulk sample and an update to the estimation analysis technique.

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

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