Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

Today

Design is the key to all markets

Besides being an astute businessman, Mumbai-born Laksh Pahuja is a designer par excellence known globally for his awe-inspiring unusual jewellery pieces. Trained at the Gemological Institute of India and Harrow College of Art England, Laksh combines...

10 june 2019

Mutual mass destruction will not serve anybody’s purposes

The recent moves by the U.S. Federal Trade Commission (FTC), including its letters urging some companies to abide to the revised edition of FTC Jewelry Guides and the explanations from FTC attorney Robert Frisby posted on the FTC website were...

03 june 2019

Pavel Sokolov: Every stone has its beauty

THE ‘GEMSTONES BY SOKOLOV’ brand has been popular for over 25 years. The aim of this company is to supply any kind of gem studs to the Russian market including the unique ones except diamonds of any cut. The product range by the SOKOLOV Company is very...

27 may 2019

“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

Tiffany & Co training Africans cut, polish locally-sourced diamonds – report

15 april 2019

Tiffany & Co, which has factories in Botswana and Mauritius, is training Africans in cutting and polishing of diamonds sourced from the region, according to a news report.
More than a quarter of the company’s 1 500 global diamond cutters and polishers were said to be now based in Africa.
Bloomberg reports that the move to hire and train African polishers and cutters comes as Tiffany seeks to be completely transparent about how its diamonds progress from deep underground to the engagement rings.
The New York-based company was currently sourcing diamonds from mines in South Africa, Namibia and Sierra Leone.
However, company chief executive Alessandro Bogliolo said they won’t source diamonds from Angola and Zimbabwe because of the alleged human-rights situation in the two southern African countries.
Botswana was the only African country where Tiffany both buys and prepares its stones. 
“If you buy from a world-class brand, it’s because you trust that this brand has done all that is humanly possible to guarantee that the product is not only crafted to the highest standard, but also ethical and traceable in its manufacturing,’’Bogliolo was quoted as saying.
He said the company was also considering opening a store in South Africa as it was an “interesting market”.
“There’s no doubt that we will have a more robust presence on this continent,” said Bogliolo. “It’s just a matter of finding the right location and the critical mass in order to have a sustainable business.”

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