New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing...

Today

The majority of women don’t care whether their diamonds are mined or lab grown - Alex Popov, CEO of Âme

Alex Popov, President of the Moscow Diamond Bourse and former Chairman of the World Diamond Mark Foundation (WDMF) launched a new jewelry brand under the name of Âme focused on design and using lab grown diamonds to produce jewelry meant to meet...

14 january 2019

At IDE, we encourage innovation throughout the bourse and have even opened a technological incubator to host start-ups - Yoram Dvash

A first generation diamantaire, Yoram Dvash founded ‘Y Dvash Diamonds Ltd’ in 1991 in Israel. While the company grew and made progress under his leadership, Dvash joined industry organizations such as the Israel Diamond Manufacturers Association (IsDMA)...

09 january 2019

Cooperation and collaboration are the development trend of today

Pavel Grankin runs the Slava Group of companies and holds the Slava trademark (‘Slava’ means ‘Glory’ in Russian). He has graduated from the Mozhaisky Military Space Academy. He did his military service at the Plesetsk Сosmodrome from 1987 to...

04 january 2019

De Beers speaks on Zim invitation to explore for diamonds again

De Beers’ exploration team landed in Zimbabwe in 1993 and left in 2006, however, they first prospected for diamonds in Marange in the late 1990s. Harare, under the leadership of the then president Robert Mugabe, alleged that De Beers looted diamonds...

24 december 2018

Tango acquires majority stake in Liberia diamond project

13 september 2018
Tango Mining said it signed an acquisition agreement with West Mining to acquire an 80 percent interest in the Mano River project, in Liberia.
The company would assume all holding costs while West Mining would provide full local support and assistance to Tango within Liberia.
The property, it said, comprises of one recently granted 104.3 square kilometer diamond mineral exploration licence located in the western part of Liberia.
This part of Liberia was well known for the wide spread occurrence of alluvial diamonds and the known presence of kimberlites.
Tango said the Mineral Exploration License MEL7003018 was granted on 7 September 2018 and would expire on 7 September 2021.
The company was planning to develop an exploration programme by the end of the first quarter of 2019 and carry out the work on the property.
“This exploration work is expected to consist of geological and structural mapping, sampling and ground geophysical surveys,” it said.
Exploration for diamond bearing kimberlites had increased significantly since the 1980s and a number of distinct kimberlite clusters had been identified in western Liberia around the Mano River property.
This included Kumgbor, Mano Godua and Weasua.
The most important recent discovery, about 25 km north of the property was an area with three identified kimberlites, known as Camp Alpha, which was being explored by a private US-funded company.

Mathew Nyaungwa, Rough&Polished