“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

24 june 2019

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...

17 june 2019

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

Debswana ploughs back BWP56 mln to communities

11 june 2019

Debswana, a joint venture between De Beers and the Botswana government, has spent BWP56 million ($5.1 million) over the last three years to support different sectors of the community around the southern African country, an official has said.
Company lead engineer Mooketsi Puso told a mining conference in Gaborone that their biggest spend was on community development, followed by sports development, education, empowerment programmes, health, arts and culture.
“We take pride in supporting economic development in the country,” he said.
“…diamond revenues have been responsibly used to develop human capital, build infrastructure such as roads, hospitals, schools and to improve the income of Botswana’s citizens.” 
Debswana contributes almost 50% of public revenue, 33% of GDP, and more than 80% of foreign earnings to Botswana.
The company, which contributes the bulk of De Beers’ diamonds, produced 24.132 million carats in 2018, a 6% jump from 22.684 million carats, a year earlier.

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