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

Namibia diamond mining to grow 11 pct this year before 2019 slowdown

12 july 2018
Bank of Namibia said the country’s diamond mining is expected to maintain a high growth level this year before contracting in 2019 due to depletion of onshore diamond deposits.
The industry was projected to grow by 10.9 percent this year compared with 12 percent slowdown in 2017 and contract by 5.3 percent next year, it said in a report.
“In this regard, the Elizabeth Bay mine near Lüderitz is expected to close down because it has not generated any profits in recent years,” the central bank said.
“DebMarine Namibia is expected to increase output significantly in the medium term, keeping the growth outlook for diamond mining positive from 2021 going forward.”
Reuters reported last January that Namdeb, a joint venture between Namibia’s government and De Beers, was set to retrench about 130 of its 1,700-strong workforce on a voluntary basis.
Namdeb was set to close four mines by 2022.
Elizabeth Bay Mine would be shut down at the end of 2018, while Daberas would be closed at the end of 2019, Sendelingsdrift in 2020 and the main one, Southern Coastal, in 2022.
Namdeb Holdings lifted its production by 12 percent to 500,000 carats in the first quarter of 2018 as a result of accessing consistently higher grades at the land based operations.
It also produced 1,805 million carats in 2017.

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


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