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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

Namibia renews Diamond Fields’ 10-year mining licence

07 december 2017
Diamond Fields International said the Namibian government has renewed its key mining licence, ML111, for a period of 10 years.
The renewal had been subject to the company undertaking a renewed environmental impact assessment and have an environmental management plan report prepared and approved.
Diamond Fields was also supposed to ensure that at least 5 percent of its local subsidiary was under ownership of Namibians.
Meanwhile, Mining.com reports that the company would resume mining off the coast of Namibia next year following the renewal of the licence.
Marine diamond output had outpaced land-based mining in Namibia.
The southern African country produced 1,7 million carats of marine diamond compared to 403,000 carats recovered on land last year, according to Mining.com.

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

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