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31.08.2015
De Beers cautiously optimistic for outlook in major consumer markets
excl_31082015_x.jpgDiamond giant De Beers, which has so far this year adjusted its sales terms for sightholders due to weak diamond market, has said that it is cautiously optimistic for the outlook in the major consumer markets for the all-important end of year selling season. De Beers Group head of media relations Lynette Gould told Rough & Polished’s Mathew Nyaungwa from her base in London that demand conditions in the near term would be dependent upon consumer demand, retail stocking appetite and the rate of midstream inventory depletion. She also commented on the group’s move to provide increased deferral flexibility in sightholder sales as well as its new licences that were granted in Botswana and South Africa.

24.08.2015
GIA’s Global Leadership Program - Building Bridges between Different Sectors of Global Gem and Jewelry Supply Chain
kathryn_kimmel_x.jpgThe Gemological Institute of America (GIA), well-known for its wide range of education programs, launched yet another training course last year in team with the Harvard Business School (HBS), this time bringing together senior gem and jewelry executives from around the world and offering them an opportunity to discuss challenges facing the industry within the frames of the Global Leadership Program. After a successful start-up, the second edition of this Program was run on June 15-18, 2015 and turned to be in the opinion of one of its participants “a splendid platform for peers from all walks of the industry to discuss and exchange ideas”. Rough&Polished asked Kathryn Kimmel, GIA’s Senior Vice President and Chief Marketing Officer to tell more about this educational initiative and here is what she said.

17.08.2015
Pangolin optimistic of finding diamonds in Botswana
leon_daniels_x.jpgPangolin Diamonds, which prides itself as one of the few exploration companies doing “real” diamond exploration, is optimistic of finding diamonds in Botswana, the world’s leading diamond producing country by value. Company president and chief executive Dr. Leon Daniels told Rough & Polished’s Mathew Nyaungwa that current results in the Malatswae Project suggest they are close to discovery. He said the unusual number of diamonds Pangolin had found in a small area of the Malatswae Project strongly indicate that any discovery in the area would be diamondiferous. Daniels said his company should be a producer, not an explorer within the next five years. He also spoke about the company’s other projects in Botswana.





Namaqualand Diamond Pits Undergo Major Rehabilitation

07.04.2009

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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