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

Tsodilo president resigns

01 february 2019

Tsodilo Resources said Michiel de Wit has stepped down as the company president and chief operating officer.
The TSX-V-listed diamond and metals exploration company said Alistair Jeffcoate had replaced Wit.
Wit agreed to remain closely associated with the company in an ongoing role as a technical advisor.
Tsodilo managed to complete the first phase of the BK16 evaluation kimberlite project in the Orapa kimberlite field, in Botswana during the tenure of Wit.
An independent study of the BK16 kimberlite pipe released last November showed a modelled value of $710 to $386 per carat and a grade of 8 to 11 cpht.
BK16 contained high quality diamonds dominated by highly marketable shapes.
About 3.8% of the diamonds tested were identified as high-quality Type IIa diamonds consisting predominantly of D color stones.

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