Memorial Foundation of Carl Fabergé continues to fulfill its tasks

Valentin Skurlov, Ph. D., who is an Honorary Academician of the Russian Academy of Arts, professor, scientific secretary of the Fabergé Memorial Foundation, consulting researcher studying the Fabergé heritage at the Russian department of the Christie's...

30 march 2020

Gaetano Cavalieri: We need to protect the long-term health of our industry

The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation...

23 march 2020

Sierra Leone mulls setting up entity to buy diamonds from artisanal miners

Sierra Leone will revise its Mines and Minerals Act that will, among other issues, pave way for the establishment of a State entity that can buy diamonds from artisanal miners, an official has said. The National Minerals Agency of Sierra Leone director-general...

16 march 2020

David Block, CEO of Sarine Technologies believes that AI will play a bigger role in the industry in the next few years

Armed with an MBA degree from the Kellogg-Recanati School of Business, and a Bachelor's degree in Computer Science from the Tel Aviv-Jaffo Academic College in Israel, David Block is the present CEO of Sarine Technologies, a worldwide leader in the...

10 march 2020

Botswana wants to fully participate in research and development led by De Beers

Although the government of Botswana has refused to review its latest demands from the ongoing negotiations for a new sales and marketing deal with De Beers, it has indicated its desire to fully participate in research and development led by the diamond...

02 march 2020

Botswana Diamonds H1 loss widens

26 march 2020

Botswana Diamonds’ loss for the six months to the end of December 2019 widened to GBP194,000 from GBP190,000, a year earlier.
The diamond explorer did not record any revenue for both financial periods.
No dividend was declared for the period.
Botswana Diamonds said it raised GBP250,000 post period end to fund exploration and for general working capital purposes. 

     Image credit: Botswana Diamonds

The total value of assets was GBP8.3 million with GBP13,000 of the amount being cash and cash equivalents held.
Meanwhile, Botswana Diamonds said its wholly-owned Sunland Minerals has undertaken heavy mineral sampling and detailed geophysics in five of its licences in the Kalahari, in Botswana.
An analysis of the results identified eight high grade targets and an environmental assessment work is being undertaken on three of these targets. 
This, it said, is a requirement to obtain drilling permits. 
Botswana Diamonds also said that the current global uncertainty as a result of the outbreak and spread of Covid-19 makes planning very difficult.
“No one knows how long the pandemic will last, the real impact on global diamond markets and the financial system generally,” said the diamond explorer.
“A National Disaster in respect of Covid-19 has been declared in South Africa and this will impact the scheduling of our activities in South Africa and particularly the Marsfontein project in the coming weeks.”

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