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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

Sierra Leone produces 144 ct diamond worth $600k – report

06 july 2018
An unnamed company in Sierra Leone has produced and exported a 144.12 carat rough diamond worth more than $600,000, according to Rapaport citing local authorities.
No details were provided on where or how the diamond was recovered.
The National Minerals Agency (NMA) was quoted as saying that an independent appraiser put the price of the stone at $659,925, which it then used to calculate taxes and 15 percent royalty.
The exporter paid $98,989 as royalty.
NMA said that the stone would not be placed under the hammer as the miner chose to export it instead.
“There is no policy or law that states that diamonds must be sold by public auction,” the NMA was quoted as saying.
“The issue of auction will be dealt with during the upcoming review of the Mines and Minerals Act 2009 and other associated policies.”

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

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