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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

Namaqualand Diamond Pits Undergo Major Rehabilitation

07 april 2009

Huge open diamond mining pits are currently being turned into oyster farms and nurseries in a multi-million-rand project that may well turn the diamond wasteland of Namaqualand, South Africa into a tourist attraction, Israelidiamond.co.il reported.
Namaqualand, where 80 years of diamond mining has left much of the coastline littered with deep holes, is currently undergoing extensive rehabilitation.
Giant diamond miner De Beers has agreed to back a plan to restore the pitted landscape. Among the projects is an oyster farm which has already been set up in a converted diamond mine pit near Kleinzee.
De Beers also recently joined forces with the Conservation Africa global environmental group to set up a 32000ha eco-zone in the middle of its diamond mine which was once the largest alluvial diamond-producing area in the world.
The project, which is called Living Edge of Africa Project (Leap), is to serve as a lifeline for the abandoned diamond mining towns of Kleinzee and Koingnaas, which morphed into ghost towns when De Beers retrenched most of its Namaqualand workforce.
Leap’s employment projects will help De Beers to comply with strict new diamond mining regulations pertaining to social labor plans and ecological conservation.
Among the planned projects are sea water greenhouses to produce food and fresh water for local consumption, aquaculture farms, producing oysters, perlemoen and mussels in tanks and water-logged mining pits, wind farms producing renewable energy and more.
The project is the joint brainchild of global conservation group Conservation International and environmental scientist Dr Peter Carrick, who heads the Namaqualand Restoration Initiative at the University of Cape Town.

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