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...


“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

De Beers scaling up Tracr ahead of formal launch

De Beers tracked 100 high-value diamonds along the value chain during the pilot of Tracr™, its industry blockchain platform, for the first time in May last year. A De Beers spokesperson Bianca Ruakere told Rough & Polished in an exclusive interview that...

13 may 2019

The perfect couple - platinum and diamonds

The Jewelry House of Leon Megé located in New York has long been firmly established in the jewelry market as a source of magnificent jewelry, in which platinum and diamonds often sparkle being married together and attracting everyone’s eyes, but are...

06 may 2019

The technology of growing single-crystal diamonds has now become industrial in nature

It is believed that the reserves of natural diamonds will be exhausted by the middle of the century, and therefore production of synthetic diamonds is rapidly gaining relevance. According to Business Insider India’s estimates, the global synthetic diamond...

29 april 2019

Firestone Diamonds appoints new non-executive director

08 may 2019

news_08052019_carr.jpgFirestone Diamonds, which owns the Liqhobong diamond mine in Lesotho, has appointed Eileen Carr as a new non-executive director effective 1 May 2019. 
She replaces Paul Sobie who had been part of the board since 2011.
"She has extensive experience both in mining and finance which we believe will be invaluable to the company,” said Firestone chairperson Lucio Genovese.
Carr has over 30 years’ resources industry experience overseeing large scale mining operations across the world including the Freda Rebecca gold mine in Zimbabwe, the Ayanfuri gold mine in Ghana, the Kalsaka gold mine in Burkina Faso and the Angovia gold mine in Ivory Coast. 
Firestone recorded a 37% drop in output to 155,206 carats during the third quarter ended 31 March 2019 compared with 224,947 carats recovered the previous quarter. 
The diamonds were produced at a grade of 18.0 cpht compared with second quarter’s 25.4 cpht. 
The company also sold 211,368 carats during the period under review from the previous 191,735 carats, realising revenue of $16.8 million at an average value of $80 per carat. 

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