De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

Today

Colorless diamonds as an investment class are evolving beyond their traditional ability to preserve, relocate and pass on wealth

Antonio Cecere, the Founder & VP of Monaco Diamond Exchange dons many caps simultaneously. Currently, he is the President of Geneva Diamond Exchange, the President of Diamond Investment Club and the Principal of the Cecere Group. Antonio’s ability to...

15 april 2019

Jewellery with diamonds, even with small ones, sells better than without diamonds

The Yakut jewellery firm Kierge was set up 25 years ago on the basis of the jewellery workshop PKF Yakutrembyttekhnika which, in its turn, was founded way back in the 1970s. Over this period, Kierge turned into a well-established company successfully...

08 april 2019

Lucapa’s Wetherall on the past, present and the future

Lucapa Diamond chief executive Stephen Wetherall recently attended a mining conference, in Cape Town South Africa, where he met Rough & Polished’s Mathew Nyaungwa and granted him an exclusive interview. They discussed Angola’s first international diamond...

01 april 2019

India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...

25 march 2019

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