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

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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

Firestone recovers 70 ct diamond at Liqhobong

13 february 2019

Firestone Diamonds has recovered a 70 carat white, makeable diamond from its 75 percent-owned Liqhobong Mine in Lesotho.
The stone was recovered undamaged and would go on sale at the next tender which was scheduled to take place next month, the company said. 

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Image credit: Firestone Diamonds


"The 70 carat stone was recovered in the northern, low grade part of the pit where the bulk of our mining will take place in the coming months,” said Firestone chief executive Paul Bosma.
“Although the market for the smaller stones has been under pressure, we've seen continued demand and good prices realised for special stones."
The company recovered a 46 carat gem diamond last December and it was sold for more than $1 million. 

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