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Botswana Diamonds’ Campbell on Zim jaunt: We are interested in Kaapvaal Craton

Botswana Diamonds and Vast Resources, recently signed a memorandum of understanding to prospect for diamonds in Zimbabwe. The two companies will exchange information derived from past exploration on areas prospective for diamonds in the southern African...

09 july 2018

“Every Forevermark diamond has a unique inscription number which is an assurance that the diamond is beautiful, rare and responsibly sourced,” says Sachin Jain

Sachin Jain, President-Forevermark, joined the company - a wholly owned subsidiary of the De Beers Group - as the Head of Retail in 2010. He was swiftly promoted to the Managing Director in 2011… to later become the President in year 2013. Sachin started...

02 july 2018

In a world where transparency is more and more the standard, our business must address the lab grading issue willingly

Jeweler-Designer Arnaud Flambeau started his career in the jewelry business in 1993 at European Gold Company CLAL as Key Account Manager for the Jewelry Division, where he was in charge of international brands like Cartier or VCA and their subcontractors...

25 june 2018

Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

18 june 2018

The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018

Lucara recovers 472 ct diamond, third largest ever found at Karowe

13 april 2018

Lucara Diamond said it recovered a 472 carat light brown gem diamond, the third largest stone ever recovered from its wholly-owned Karowe diamond mine in Botswana.
Company chief executive Eira Thomas said the stone would be sold alongside other exceptional stones recovered since the beginning of the year as part of the first exceptional stone tender (EST) later in the year.
Lucara recovered 218 specials in excess of 10.8 carats in the first quarter.
These included four stones greater than 100 carats and eight EST qualifying diamonds.

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Karowe mine                                                                                                      Image credit: Lucara Diamond


“In 2018, mining at Karowe is focused in the high value south lobe, which consistently delivers large, high quality diamonds in excess of 10.8 carats in size,” she said.
Meanwhile, Lucara said it continues to focus on maximising value at Karowe where a pre-feasibility study assessing the potential for going underground and extending mine-life from 2026 to 2036 was currently underway.
The company, which in February acquired Clara, a secure, digital, rough diamond sales platform, said commercialisation work had since commenced under a budget of about $2 million.
The programme was on schedule for implementation using diamonds from Karowe beginning in August, it said.

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

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