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 raises £575k to progress development of SA diamond mine

12 february 2019

bluerockdiamonds_logo.pngBlueRock Diamonds, which owns and operates the Kareevlei mine in South Africa, has raised £575,000 in a placing of shares at 0.3p each.
The funds raised would be used to continue to progress the development of Kareevlei, it said.
BlueRock said the recent recovery of large, high quality gem diamonds had encouraged the company to look at ways to fast track its production targets. 
It unearthed a 16.28 carat diamond of gem quality last week and an exceptional 8.97 carat diamond at beginning of this month.
“Further investment in the crushing circuit will be necessary to achieve this and discussions with industry partners are taking place to address this,” it said.
BlueRock raised £711,000 in November 2018 to further the development of KV1 and KV2 and also to fund minor improvements to the company's operating plant which took place during the Christmas shut down period.
The main development to KV2 would take place in the second half of the year and there had been 340,000 tonnes of waste stripping taken place in KV1 preparing the pipe for efficient long term mining.

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