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28.07.2014
Funding alluvial diamond operations a ‘hit and miss affair’: Rand Merchant Bank
henk_de_hoop_preview.jpgThe Rand Merchant Bank (RNB) said that it is not comfortable funding alluvial diamond mining projects as they are highly risky. The bank’s business development director Henk de Hoop, who has an experience in funding diamond projects, told Rough & Polished’s Mathew Nyaungwa in an interview on the sidelines of the Botswana Resource Sector Conference held last month, in Gaborone that funding alluvial diamond operations is a “hit and miss affair”.

21.07.2014
Diamond jewellery is definitely making a mark on gold loving customers
ishu_datwani_preview.jpgIshu Datwani, Founder, Anmol Jewellers is a man in a hurry. For a first generation jeweller, he learnt the ropes of the business in a short span of time and has not looked back since. While still in college, Ishu pursued a course at the Gemological Institute, armed with which he later established Anmol Jewellers in 1986. From then on, it was one fast race for this young entrepreneur, who with sheer grit and determination took the brand ‘Anmol Jewellers’ to unimaginable heights. Here, Ishu Datwani speaks to Rough&Polished in his inimitable style, about his early struggling days in the Indian jewellery market to the present day… and of course his dreams for the future.

14.07.2014
As the world economies grow, the silver will absolutely grow - Michael DiRienzo, Executive Director of the Silver Institute
michael_dirienzo_preview.jpgThe year of 2013 was marked by increased demand for silver. Jewelry demand rose 10 percent, while total demand for the metal went up by 13 percent. Michael DiRienzo, Executive Director of the Silver Institute based in the United States, told Rough&Polished about current trends in the silver market disclosing the aims pursued by his organization and its prospects.





Botswana should offload its stake in De Beers – diamond analyst

17.11.2011

A well-known diamond industry analyst has urged Botswana not to consider upping its stake in De Beers but rather offload its current 15 percent shareholding or bundle it into a holding company.
Botswana government had up to 12 months to decide whether to use an option of increasing its stake in De Beers from the present 15 percent to 25 percent following the Oppenheimers’ decision to sell its 40 percent stake to Anglo-American.
Mmegi quoted Even-Zohar as saying that he had never seen any reason why Botswana should hold a stake in De Beers.
He alleged that Botswana only got the (eventual) 15 percent stake in De Beers because neither Anglo nor the Oppenheimer family wanted the other to hold a majority.
"For a country with a gradually depleting resource, it needs shareholders that respect the economic, budgetary and societal aspirations of the Botswana government," Even-Zohar said.
"For Botswana to hold 15 percent (or any percentage) in De Beers does not make much sense and spending these funds in other investments, diversifying out of diamonds, seems preferable.”
He said with the Debswana diamond resources, Botswana should concentrate on domestic mining production.
“Why would you need to have a small stake in a company that owns other mines in Canada, South Africa or Namibia?  You will never have a real say on policies and are only unnecessarily holding on to passive diamond investments, rather than putting the money to more attractive uses,” Even-Zohar said.
He urged the Botswana government to set up a holding company, which would give it a chance to participate and own shares in the diamond resources while convalescing its investments.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished

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