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You can’t fake that ‘magic’ of the real thing…

Armed with a degree in ‘Jewellery Designing’ from Central Saint Martins and a Diploma in Diamond Grading from the Gemological Institute of America, young Rachel Boston is a London-based jeweller and designer with a mind of her own and adequate talent...

27 june 2016

Lucara eyes future expansion as it boasts of strong cash position

With a net cash position of $144.3 million at the end of the first quarter of 2016, Lucara Diamond, which operates the Karowe Mine in Botswana, says it intends to invest the cash and increase the size of the company either through a merger, acquisitions...

20 june 2016

Ban on rough tanzanite export chocking outside industries

Tanzania said that its ban of rough tanzanite over 5 carats has helped frustrate foreign companies that were relying on supplies from the country. The country’s acting commissioner for minerals Ally Samaje told Rough & Polished on the sidelines of...

14 june 2016

‘Diamond prices have remarkable ability to recover considerably faster after a crisis than other product categories,’ observes Etan Müller, CEO DFI

Etan M. Müller, CEO and Partner- DFI, has more than 25 years of experience in the financial industry. Before setting up DFI Switzerland AG, Etan Müller worked for 12 years in the private banking sector as a senior investment advisor for Ultra High Net...

06 june 2016

World Diamond Congress debates reflected widespread challenges, says WFDB President Ernie Blom

The 37th World Diamond Congress in Dubai carried to completion on May 19, 2016 zoomed in on the most challenging issues facing the global diamond industry with a special focus on transparency, responsibility and sustainability. The World Federation of...

30 may 2016

Petra to produce 1.5m ct per year at newly-acquired Finsch Diamond mine

10 february 2011

Petra Diamonds, which recently acquired Finsch Diamond mine from De Beers, said it will produce 1.5 million carats annually.
Company chief executive Johan Dippenaar told the ongoing Mining Indaba in Cape Town that this was lower than the 2 million carats De Beers produced annually over the last five years.
He, however, said Petra would build production back towards 2 million carats over time, reaching 1.9m carats by 2019.
"It’s not a well known fact but Finsch has produced a number of large, special diamonds over its history and the recovery of significant large, high- value stones can substantially increase the total value of production in any one year,” he told delegates.
Dippenaar said on average, 27 diamonds larger than 50 carats had been recovered annually over the past four years at Finsch.

Mathew Nyaungwa, Rough&Polished, from Cape Town, South Africa

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