Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

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Marco Carniello: We want to continue to be the engine boosting the jewellery industry

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06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

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The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

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23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

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16 august 2021

Botswana Diamonds plans to raise £500,000

16 may 2016
Botswana Diamonds said it is planning to raise £500,000 through the placing of 33,3 million new ordinary shares with new and existing investors at a price of 1.5p per placing share.
It said in a statement that the net proceeds of the placing would fund ongoing diamond exploration in Botswana, which was being operated by Alrosa, its joint venture partner.
Proceeds would also provide the company with additional working capital, it said.
“We have a very active ongoing drilling, sampling and geophysics programme on our ground in Botswana.  We expect this work to continue through the rest of 2016,” said company chairperson John Teeling.
“This placing ensures we are fully funded.”
The placing shares, said Botswana Diamonds, would rank pari passu (at the same rate) with the company's existing ordinary shares of 0.25p each.
It said an application would be made for the placing shares to be admitted to trading on AIM and it was expected that such admission would become effective on or around 20 May 2016.

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