Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Lucara forges ahead with Karowe underground mine development

25 january 2019

lucara_news.pngLucara Diamond, which embarked on a technical programme to support a feasibility study for a potential underground operation at its wholly-owned Karowe diamond mine in Botswana, is making progress with the project.
It said that $23-million was spent out of a 2018 budget of $29-million in support of this work, which resulted in substantial de-risking of the key technical components associated with the potential underground development.
The programme included a mineral resource update, geotechnical drilling of the country rock and AK06 kimberlites, hydrogeological drilling and modelling, and mining trade-off studies to address risks and issues identified during the Preliminary Economic Assessment. 
“The updated mineral resource completed in 2018 highlighted the important contribution of the higher-grade, higher-value EM/PK(S) geological unit as we mine deeper in the south lobe and has necessarily re-focused our approach to the Karowe underground study,” said Lucara chief executive Eira Thomas.
She said the EM/PK(S) area had produced some of Karowe’s most valuable diamonds, including the 1,109 carat Lesedi La Rona gem and the 813 carat Constellation stone.
“In 2019 we will be evaluating various mining scenarios that have the potential to access this valuable ore as early as possible in the underground mining schedule,” said Thomas.
“The feasibility study will be completed by in the second half of 2019.”
A $14.8-million budget was approved to complete the 2019 technical programme and final feasibility study.

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