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

BlueRock unearths 16.28 ct diamond at Kareevlei mine

11 february 2019

bluerockdiamonds_logo.pngBlueRock Diamonds has unearthed a 16.28 carat diamond of gem quality from its 74 percent-owned Kareevlei mine in South Africa.
The diamond was 4.58 carats larger than the largest stone previously recovered from Kareevlei.
“The quality of these diamonds is a reminder of why we are so confident about the potential of the Kareevlei mine and the outlook for 2019,” said BlueRock chief executive Adam Waugh.
The latest discovery follows hot on the heels of the company’s recovery of an exceptional 8.97 carat diamond beginning of this month, which marked the third stone independently valued in excess of $50,000 mined from Kareevlei.
The two previous record value stones were a 7.76 carat stone recovered in 2017 and sold for $10,070 per carat and a 10.58 carat stone recovered in 2018 and sold for $7,047 per carat.   
The Kareevlei licence area covers 3,000 hectares and hosts five known diamondiferous kimberlite pipes. It was estimated that the remaining Inferred Mineral Resource from the four kimberlite pipes (KV1, KV2, KV3 and KV5) represents a potential in-ground number of 367,000 carats. 

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