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We estimate gold demand for 2016 to be in the range of 750 to 850 tonnes – Somasundaram, MD, WGC-India

Somasundaram PR joined the World Gold Council in January 2013, as Managing Director, India. Based in Mumbai, Som is responsible for leading the World Gold Council's activities across the Indian gold market. A qualified Chartered Accountant, Som has over...

26 september 2016

Actions undertaken by ALROSA are intended to support true diamond manufacturers

Recently, the EPL Alliance and Diamond and Jewelry Manufacturers Guild of the Republic of Sakha (Yakutia) backed ALROSA in the press, welcoming its position in support of Russia’s diamond-cutting businesses in view of the abolition of the 6.5% export...

19 september 2016

From France to Israel - Andre Messika Goes from Strength to Strength

A leading Israeli diamond dealer who is increasingly making a name for himself locally and globally is Andre Messika. Three years ago, he was the winner of the Israeli diamond industry’s Outstanding Exporters Award. He has also often been near the top...

12 september 2016

“Jewellery customers are totally fascinated with the ‘design’, rather than seeing jewellery as investment” says Ashish Sand, Founder & Partner of Savio Jewellery

Though armed with a Master’s degree in Commerce; a Bachelors in Business Administration from Bradford University; and a diploma in Information Technology, it was jewellery business that was Ashish Sand’s calling… Today, as the founder and partner of...

05 september 2016

Mozambique eyes commercial diamond mining

Mozambique confirmed last month the discovery of diamonds in the Massangena district of the Gaza province. The country had been working, with the help of Angola, towards the certification of its diamond mining by the Kimberley Process. The certification...

29 august 2016

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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