Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

Yesterday

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 2018

Chasing a dream…

Elina Chan, MD of Shenzhen Shi Qing Yu Zhubao Ltd completed her higher education from Xiamen University and Master’s degree from Hong Kong University. To achieve her dream to start a business, Elina gave up numerous job opportunities in Hong Kong and...

06 august 2018

Pangolin Diamonds using termites to find kimberlite indicators in Botswana

It is not a secret that the rate of kimberlite discovery in Botswana has dropped considerably and research has shown that termites can help diamond explorers have an understanding of the transport mechanism of kimberlite indicator minerals from the kimberlite...

30 july 2018

In another fifty years, we’ll have a different scale of valuation, and all those items of natural origin – including diamonds – will sharply increase in price

Within the framework of the Qatar-Russia 2018 Year of Culture, the World Diamond Museum hosts an exhibition of the Qatar Museums at the State Historical Museum in Moscow – "Pearls: Treasures of the Seas and the Rivers," that opened on 11 July...

24 july 2018

Botswana leader wants new long-term diamond sales deal with De Beers – report

16 may 2018

Botswana’s new president, Mokgweetsi Masisi, wants a new long-term diamond sales deal with De Beers when the current 10-year deal expires in 2020, according to Bloomberg.
“We have had a wonderful relationship with De Beers and we expect that relationship to be even more cemented,” he was quoted as saying in an interview Monday.

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Image credit: De Beers Group


“There is a way of actually achieving a win-win for both, and that’s what we desire.”
Masisi said preparations for the talks with De Beers had reached an advanced stage, but could not provide details of his government’s proposals or whether it wanted to raise its stake in the diamond company.
He said the new deal may differ from the previous one as the circumstances and operating environment had changed.
“The whole value proposition of beneficiation of diamonds revolves around jobs, the diversification of the economy,” Masisi said.
“Why take them far away? So the very things that cause them to be processed elsewhere, we want to get to the underlying reasons for that, the attractions and bring them to Gaborone.”
Botswana was the world’s biggest diamond producer after Russia, and most of its gems are mined by Debswana, a 50-50 joint venture between the government and De Beers.
Debswana’s production increased by 11 percent to 22.7 million carats in 2017 from 20.5 million carats in 2016.
Botswana had a 15 percent stake in De Beers, while the rest belonged to Anglo American.

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