India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...

Yesterday

“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

18 march 2019

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Newfield makes ‘strong’ progress at Tongo diamond project

02 july 2018
Newfield Resources, which merged with Stellar Diamonds last April, said it has made “strong” progress at its flagship Tongo diamond project in Sierra Leone with the front end engineering (FEED) programme on track for completion in the fourth quarter.
The FEED, said Newfield, would more precisely define the technical requirements of the Tongo project and deliver an optimised underground mine design and treatment plant layout.
This work would also refine the final capital expenditure estimate and operating cost budgets for the project.
Company executive director Mike Lynn said a mine development drilling campaign, running alongside the FEED programme, would be concluded next month.
“This drilling campaign will also result in an updated Mineral Resource estimate for the project later in the year,” he said.
“…we remain firmly focussed on the rapid progression of the Tongo Diamond Project towards being the next diamond mining operation in Sierra Leone.”
The drilling campaign was aimed at delineating the geological nature and morphology of the Kundu, Lando and Tongo kimberlites within the first two levels of planned underground mining of each kimberlite.
About 95 drill holes had been completed to date for 8,206 metres and kimberlite was intersected in 87 holes.

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