Login

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...

Today

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

Tsodilo says Botswana should find Tier 1 diamond deposits in the next 5 to 10 yrs

09 june 2018
Tsodilo Resources president Mike de Wit said for Botswana to remain a leading diamond mining country, it has to find one or two tier-one diamond deposits in the next five to 10 years.
The country had only two Tier 1 deposits (Jwaneng and Orapa) with more than $20 billion worth of reserves, according to De Beers.
Other Tier 1 deposits outside Botswana were Udachny and Mir in Russia, Cullinan and Venetia in South Africa and Catoca in Angola.
Wit told the Botswana Resource Sector Conference during a panel discussion on the future of diamond mining in the country that the diamond resource was depleting.
“We are depleting and we are not adding anything…, [although] we might find a small mine here and there,” he said.
Wit said the current diamond exploration taking place in Botswana would not likely yield a Tier 1 deposit.
“I don’t believe we will find any substantial deposits in terms of areas that are currently being prospected,” he said.
Botswana’s diamond deposits were expected to dwindle over the next 20 years.

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

Comments

Only registered users can add comments (Register, Login)