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

Be brave enough to embrace beneficiation, SA president tells mining companies

08 february 2019

South African president Cyril Ramaphosa has implored mining companies to embrace beneficiation as it encourages the expansion of industrial capacity, create employment and enable the extraction of greater value from mineral wealth.
He told delegates at a mining conference in Cape Town on Tuesday that most mining companies used to treat beneficiation as a swear word.
“They used to say we are miners and not [into beneficiation],” Ramaphosa said.
“Be brave enough and courageous to embrace beneficiation, let it not be a swear word [anymore].”
He said several companies had seen the logic of local beneficiation and were keen to work with government to develop downstream industries. 
South Africa hosts the world’s largest reserves of platinum group metals and manganese, and some of the largest reserves of gold, diamonds, chromite ore and vanadium.
The country’s minister of mineral resources Gwede Mantashe told the same conference on Monday that the decline in local jewellery manufacturing and diamond beneficiation was due to red-tape.
The country’s cutting and polishing industry had declined from a peak of 4,500 two decades ago to as low as 300 in 2018.
South Africa produced 9,68 million carats in 2017 at an average price of $319 per carat, according to the Kimberley Process.

Mathew Nyaungwa, Editor in Chief of the African Bureau, from Cape Town, South Africa, Rough&Polished