African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

01 june 2020

“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

25 may 2020

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

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