Consumers attracted to diamond jewelry more than ever

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

21 september 2020

WDC actively supports initiatives from mine to retail; and also strives for support for the artisanal and small-scale miners - Edward Asscher, President, World Diamond Council

A member of one of the diamond industry and Amsterdam’s most well-known families, Edward Asscher was elected President of the World Diamond Council in June 2020 for a two-year term. Asscher is serving a second time as WDC President, having led the organization...

14 september 2020

Diamonds are one of the few things that have held human fascination in every nook and cranny of the world across time

Dr Usha R. Balakrishnan, a preeminent historian of Indian jewellery based in Mumbai, is Chief Curator of the World Diamond Museum. Being the author and co-author of several volumes of Diamonds Across Time, a new book and an important venture launched...

11 september 2020

Botswana Diamonds to bulk sample KX36 kimberlite, sees commercial potential

Botswana Diamonds recently acquired Petra Diamonds’ exploration assets in Botswana for $300000. The assets that were owned by Petra through its wholly-owned Sekaka Diamonds Exploration, include the KX36 project, a 3.5 hectare kimberlite that was a new...

07 september 2020

Indian diamond industry looks for recovery options

Webinars being the order of the day due to COVID-19 crisis, the Gem & Jewellery Export Promotion Council (GJEPC) of India organized a virtual meeting under its UNCUT 2020 Webinar series on 17 August 2020, inviting all stakeholders to discuss...

31 august 2020

Stellar halts plans to acquire Tonguma diamond project

27 february 2017
Stellar said discussions with Octea Mining over the acquisition of Tonguma, which owns a mining license over the Tonguma kimberlite diamond project in eastern Sierra Leone were terminated and is no longer acquiring the company or its mining license from Octea.
It said its proposed acquisition was deemed to be a reverse takeover under the AIM Rules for companies.
“Although Stellar no longer intends to acquire the Tonguma license, both Stellar and Octea continue to work towards finalisation of an agreement that will bring together, for commercial production, their combined diamond properties that cover the whole of the high value Tongo diamond fields,” said Stellar chief executive Karl Smithson.
“The structure of the agreement would allow Stellar to be operator and marketer of diamonds produced, with a simplified revenue share arrangement payable to Octea in return.”
He said there was a considerable potential upside beyond the 4.5 million carats resource (across Tongo and Tonguma) through bringing into resource and the future mine plan additional high grade kimberlites on both properties.
“We hope to be able to bring the formal agreement and due diligence process to a conclusion in the near future and will continue to engage with potential strategic investors,” said Smithson.

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