The diamond business is yet bright and has a good future in the coming days

Hitesh Patel, Managing Director of Dharmanandan Diamonds Pvt. Ltd., joined the family business in 1997 to help his father Laljibhai Patel, the founder of Dharmanandan Diamonds Pvt. Ltd. Egged on by its success, Hitesh set up the overseas presence of...

19 august 2019

The talk around LGDs is all hype

As a teenager, Luca Luterbacher began to design and manufacture single pieces and individual items for wealthy private family friends from Switzerland and Lichtenstein. In 2017, he finally invested in his own luxury trademark "Luterbacher."...

12 august 2019

Correct adjustment of advertising is the major challenge

At the recent Amberforum held in the Baltic city of Svetlogorsk, Andrey Yanchevsky, Head of the trade representation of the LA VIVION jewelery company shared his opinion with the correspondent of Rough&Polished on the state and prospects of the jewellery...

05 august 2019

Small-scale diamond mining is the future in Botswana – Leon Daniels

Pangolin Diamonds, which is currently the most active diamond exploration company in Botswana, has called upon authorities in the southern African country to include diamonds into the minerals permit for small scale mining operations. Pangolin chief...

29 july 2019

“There has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

22 july 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