The Grib Diamond Mine: Geology, Ecology and Industrial Safety

Gennady Piven, First Deputy General Manager of AGD Diamonds JSC, talks about his work at the diamond fields in Yakutia and in the Arkhangelsk Province.

Yesterday

I have a dream to see India become a world leader in high-end jewellery manufacturing - Sanjay Kothari

An industry leader who needs no introduction to the gem and jewellery industry is Sanjay Kothari…the former chairman of the GJEPC of India has held various positions in the Council including being Convener-Exhibitions for many years before becoming Convener-Promotions...

03 december 2018

Style always reflects culture

Reena Ahluwalia is a multifaceted artist …an award-winning jewelry designer, diamond painter, professor, speaker and a community builder and more. Recognized as one of the Top Masters of Jewelry Design and art in Canada, she has been creating jewelry...

26 november 2018

Botswana Diamonds’ Campbell on Alrosa exit: no exploration JV lasts forever

Botswana Diamonds is currently in talks with a major diamond producer interested in taking over a stake in Sunland Minerals previously owned by Alrosa. The Sunland joint venture was established in 2014 to test existing Alrosa exploration technology on...

19 november 2018

If real gems are replaced by artificial stones, it is not the difference in value that sellers may cheat you out, but the very idea that you are to obtain along with a jewelry piece made from a genuine stone

Elena Titova is the Director of the All-Russian Decorative Art Museum. The museum, which she heads, was founded fairly recently (less than 40 years ago), but it is one of the most popular and stylish museums of Moscow, famous, among other things...

12 november 2018

Petra offloads stake in KEM JV

10 july 2018
Petra Diamonds and its black economic empowerment (BEE) partners have decided to offload their 75.9 percent interest in the in the Kimberley Epaka Mining (KEM) joint venture (KEM JV) to their joint venture partner Ekapa Mining for a cash consideration of about R300 million.
The disposal would help Petra management’s to focus on its key assets, the Finsch and Cullinan mines in South Africa.
It also owns Williamson Diamonds in Tanzania.
“The rationale for the disposal is to ensure a sustainable future for KEM JV by placing the operation under the sole stewardship of an operator best suited to maximise its value,” Petra said.
The R300 million purchase consideration would be payable in 24 monthly instalments starting next January.
The disposal would be on a going concern basis, with Ekapa Mining taking on all of the company’s financial, employee, environmental, health, safety and social obligations with regards to the KEM JV operation.
KEM JV was a joint venture between Petra and its partner Ekapa Mining and incorporated the Kimberley Underground mine, extensive tailings retreatment programmes and the high volume Central Treatment Plant – all located in or around the historic diamond mining centre of Kimberley in South Africa.

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