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Diamonds performing ‘a little bit better’ than most commodities – Deloitte analyst

Liquidity crunch and a sluggish Chinese economic growth, inter-alia, dampened the appetite for rough diamonds last year. Mining analyst and partner at Deloitte Tony Zoghby told Rough & Polished’s Mathew Nyaungwa that despite the depression, diamonds...

25 april 2016

“If consumers lose confidence in diamonds, both the products, natural and synthetic, will be badly hit,” warns Sanjay Kothari, Spokesperson NDMC

For a sector, which grew from just a cottage industry to one of the largest diamond manufacturing industry in the world, India’s diamond industry was, till not long ago, looked at globally with awe as an industry which operated purely on trust. Today...

18 april 2016

Valery Budny: "I really believe in Russian entrepreneurs"

Being a media holding in the field of jewelry and watch industry and trade, RESTEC JUNWEX combines such activities as holding exhibitions and conferences, publishing magazines, operating Internet resources and providing consulting services. It runs Russia’s...

11 april 2016

Ghanaian firm seeks to resuscitate Akwatia diamond mine

Great Consolidated Diamonds (GCD), formerly known as Ghana Consolidated Diamonds, is the West African country’s only commercial diamond company. It owns the Akwatia diamond mine, which produced more than 100-million carats of diamonds since the inception...

04 april 2016

We allowed things to go wrong at the beginning – Ex Zim Fin Minister on Marange diamond mining

When Zimbabwe discovered the vast Marange diamond fields in 2006, there was so much hope that the gems would bring economic relief as was the case in the neighbouring Botswana. However, what happened is no secret and President Robert Mugabe recently...

28 march 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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