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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

Diamond aggregation to fill the gap in SA, says De Beers

20 october 2017
De Beers Consolidated Mines (DBCM) said diamond aggregation will help its clients in South Africa access stones despite the closure of the Voorspoed mine and the company’s failure to secure exploration licences.
There had been concerns that DBCM would find it difficult to replace diamonds from the closed mine as the Department of Mineral Resources had failed to approve 54 exploration licence applications submitted in the last two years by the diamond giant.
“Aggregation, however, does help because what it does do is that even if Venetia is mining in different areas, we would still have our ultimate international mixture that will fulfil their demand for specific goods that our beneficiators would have asked for,” Mining Weekly quoted De Beers Senior VP Sightholder Sales South Africa Mpumi Zikalala as saying.
She also said the closed Voorspoed mine had a somewhat different profile of goods from Venetia.
“That’s where they would constantly look at finding new mines to fill the gap,” said Zikalala.

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

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