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...

18 june 2018

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

Botswana diamonds aggregation stabilises, says chamber of mines

14 june 2018

Botswana chamber of mines said diamonds aggregation in the country has stabilised, although at levels that will have sufficient room for improvement.
The aggregation, in which like-for-like diamonds from De Beers’ global production are mixed, moved to Botswana in August 2012 from London where the process took place for 80 years. 
Chamber chief executive Charles Siwawa, who addressed a mining conference in Gaborone last week, could not provide more details on aggregation.
However, it was believed at the time of the establishment of De Beers’ aggregation in Botswana that about $6 billion worth of diamonds would flow through the country.
Meanwhile, Siwawa said that diamonds in Botswana had maintained a steady performance.
This, he said, had enabled renewed interest in some of the mines that are on care and maintenance.
The Lerala diamond mine, which was mothballed mid-2017 after it failed to generate income under the ownership of now closed Australian miner Kimberley Diamond Company, was sold for $8.1 million in an online auction late last month.
The mine, located in north-east Botswana, comprised of five diamondiferous kimberlite pipes, ranging from 0.16 ha to 2.35 ha.

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


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