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...

Today

“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...

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De Beers scaling up Tracr ahead of formal launch

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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

Tongo’s peak annual output of 260k ct in year 5 – Newfield

14 may 2019

Newfield Resources, which completed a front-end engineering design (FEED) study, said a reserve model has forecasted an initial eight-year life for Tongo Mine, in Sierra Leone with peak annual diamond production of 260,000 carats.
The peak output would be realised in the fifth year of production, it said.
The average realised price would be $222/ct and forecast unit opex of $115/ct. 
“The very high-grade and high-value diamonds of the Tongo kimberlites, combined with the considerable process and support infrastructure already on site are key drivers of the strong forecast margins and short lead time to first diamond production,” said Newfield executive director Karl Smithson.
The study also found initial probable reserve of 1.1 million carats from the shallow zones of Kundu and Lando kimberlites.
First production diamonds from Kundu and Lando are scheduled to be realised within 12 months of the decline development commencing.
There are a further nine kimberlites located within the Tongo Mine development licence area and two of these already had defined indicated and inferred resources.
The other seven were all highly prospective for significant diamond deposition.  

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