The diamond business is yet bright and has a good future in the coming days

Hitesh Patel, Managing Director of Dharmanandan Diamonds Pvt. Ltd., joined the family business in 1997 to help his father Laljibhai Patel, the founder of Dharmanandan Diamonds Pvt. Ltd. Egged on by its success, Hitesh set up the overseas presence of...

Yesterday

The talk around LGDs is all hype

As a teenager, Luca Luterbacher began to design and manufacture single pieces and individual items for wealthy private family friends from Switzerland and Lichtenstein. In 2017, he finally invested in his own luxury trademark "Luterbacher."...

12 august 2019

Correct adjustment of advertising is the major challenge

At the recent Amberforum held in the Baltic city of Svetlogorsk, Andrey Yanchevsky, Head of the trade representation of the LA VIVION jewelery company shared his opinion with the correspondent of Rough&Polished on the state and prospects of the jewellery...

05 august 2019

Small-scale diamond mining is the future in Botswana – Leon Daniels

Pangolin Diamonds, which is currently the most active diamond exploration company in Botswana, has called upon authorities in the southern African country to include diamonds into the minerals permit for small scale mining operations. Pangolin chief...

29 july 2019

“There has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

22 july 2019

BlueRock raises £982,000 to support expansion of Kareevlei

17 may 2019

blue_rock_logo.pngBlueRock Diamonds has raised £982,000 through an equity sale to support expansion plans at its Kareevlei mine, in South Africa.
It said the funds raised were expected to help the company reach its medium term goal of processing more than 400,000 tonnes per annum.  
Company target for 2019 was between 280,000 tonnes and 330,000 tonnes. 
Meanwhile, BlueRock said it would soon enter into a contracting agreement with a member of the Teichmann Group, a pan African civil engineering and mining group, to provide the quantity of ore necessary to meet its production plans. 
“Teichmann’s extensive experience in mining operations is expected to significantly de-risk the Company’s mining activities and allow BlueRock to meet its production targets in a cost effective manner,” it said.   
Teichmann Company (TCL), an investment company controlled by trusts connected with the owners of the Teichmann Group, has subscribed for 310 million shares in the fundraising for a total of £310,000.
TCL would hold about 19% of BlueRock’s shares following the fundraising and would retain a right to appoint a non-executive director to the board.

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