Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

Indian gem and jewellery manufacturers have the skill and capabilities to cater to any market in the world

Besides spearheading the “White Paper” last year, Colin Shah, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) has been actively involved in the initiatives of the Council like MyKYCBank and many more… A first generation...

11 february 2019

The Indian gems and jewellery industry was progressing in the past and will certainly progress in the future

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India, is also the representative of the Gujarat G&J sector at various organisations as well as government authorities...

04 february 2019

The Russian Diamond Line: We do not believe that gifted persons would win through on their own

The Russian Diamond Line, a Moscow international jewellery contest of jewellery design, has been held for a decade already. At the end of the year, the results of the jubilee RDL-2018 contest were summed up, and on December 14, the prizewinners of the...

28 january 2019

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...

21 january 2019

Pangolin Diamonds inks royalty deal with Umgeni

07 december 2018
pangolin_diamonds-logo.pngPangolin Diamonds said Umgeni Holdings International will acquire a royalty interest in the company’s precious stones prospecting licences in Botswana for $600,000.
Umgeni had also agreed to pay Pangolin an additional $600,000 to acquire royalty interests in its Malatswae, Moenyenana and Motloutse diamond projects.
These were a 2.6 percent gross overriding royalty on diamonds and a 2.6 percent net smelter returns royalty on base and precious metals over the precious stone prospecting licences issued to Pangolin and Geocontracts Botswana.
Geocontracts Botswana was wholly-owned by Pangolin.
“The primary reasons for my additional royalty purchase is because I believe Dr. Daniels knows more about Botswana’s kimberlite geology than anyone else in the world, and I strongly believe Pangolin is on the right track to discover a new and significant kimberlite field southeast of the Orapa Kimberlite Field at their Malatswae Diamond Project in Botswana,” said Umgeni sole shareholder Christopher Jennings.
A total 32 diamonds had been recovered from soil samples to date and 27 within the Malatswae Diamond Project, the largest being 0.19 carats.
Drilling to date had discovered a kimberlite dyke where there was a 100 tonne bulk sample underway to determine its potential economics, and no kimberlite pipes had been discovered as yet.

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