Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...


Design is the key to all markets

Besides being an astute businessman, Mumbai-born Laksh Pahuja is a designer par excellence known globally for his awe-inspiring unusual jewellery pieces. Trained at the Gemological Institute of India and Harrow College of Art England, Laksh combines...

10 june 2019

Mutual mass destruction will not serve anybody’s purposes

The recent moves by the U.S. Federal Trade Commission (FTC), including its letters urging some companies to abide to the revised edition of FTC Jewelry Guides and the explanations from FTC attorney Robert Frisby posted on the FTC website were...

03 june 2019

Pavel Sokolov: Every stone has its beauty

THE ‘GEMSTONES BY SOKOLOV’ brand has been popular for over 25 years. The aim of this company is to supply any kind of gem studs to the Russian market including the unique ones except diamonds of any cut. The product range by the SOKOLOV Company is very...

27 may 2019

“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

Lucara unearths 127 ct white gem diamond at Karowe

14 january 2019

Lucara Diamond has recovered a 127 carat ‘top’ white gem diamond from its wholly-owned Karowe diamond mine in Botswana. 

                                   Image credit: Lucara Diamond

Company chief executive Eira Thomas said the recovery of the stone shows the remarkable nature of the Karowe orebody, which had consistently delivered large, high value diamonds throughout its history. 
“The Karowe diamond mine currently boasts open pit reserves of 2.6 million carats extending out to 2026 and is in the process of completing a feasibility study that could expand mining underground to 2036 and beyond," she said.
A total of 129 diamonds in excess of 100 carats had been recovered since mining began at Karowe in 2012 and 33 were unearthed in 2018 alone. 
The tally includes 12 diamonds larger than 300 carats in size, of which five were recovered in 2018, said Lucara.
In addition, the company sold 180 diamonds in excess of $1 million each, while 10 diamonds were sold for more than $10 million each.
Thomas said the company would this year largely focus mining on the high value south lobe, including contributions from the newly refined EMPKS unit which was now understood to be the source of both the historic 1,109 carat Lesedi la Rona and the 813 carat Constellation.

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