Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 2018

Debate on the main issues affecting the diamond business is absolutely critical - Ernie Blom

Having taken part in the fruitful discussions with the world leaders at the Asian Summit held recently in Vladivostok, Ernie Blom, President, World Federation of Diamond Bourses (WFDB) now looks forward to taking the worthy inputs received at...

10 september 2018

Reflecting the nature of the industry, US jewellery market is significantly seasonal with great ‘ebb and flow’ in demand, opines Vin Lee

Vin Lee, CEO of Beverly Hills-based Grand Metropolitan, a privately-held luxury goods holding company had migrated from Canada as a child. And one can see that it did not take him long to ascend the US luxury world, establishing himself as a formidable...

27 august 2018

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...

20 august 2018

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

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