GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Botswana eyes stake in Lucara Diamond

27 june 2019

lucara_news.pngThe Botswana government wants to acquire a stake in Lucara Diamond, which owns the Karowe mine in the southern African country, according to a local news report.
Lucara recently recovered a 1,758 carat diamond from Karowe, which was the world’s second largest diamond after the 3,106-carat Cullinan diamond, recovered in South Africa in 1905.   
Its 1,109-carat Lesedi La Rona diamond, unearthed in 2015 from the same Botswana mine, held the record as the second largest diamond in recorded history until the latest recovery.  
 “I have proposed for Lucara to allow government to invest in the company,” President Mokgweetsi Masisi was quoted as saying by Botswana Gazette.
“As a country we could benefit from such value.”
Gaborone used to have an indirect stake in Karowe, previously named AK6 Mine, through its 15% stake in De Beers.
Lucara acquired a 70% stake in the AK6 project from De Beers Prospecting Botswana in 2009 for BWP490 million.
It also acquired African Diamonds in 2010 to wholly-own the asset.
The mine was then constructed between 2010 and 2012 while the first diamond sales started in 2012. 
Masisi said Lucara had realised five times more than they acquired Karowe.
Since commissioning of the XRT circuit in 2015, a total of 12 diamonds in excess of 300 carats had been recovered at Karowe, from a total production of about 1.4 million carats. 
Of the 12 +300 carat diamonds recovered, 50% were categorised as gem quality with 11 sold to date generating revenue in excess of $158 million.   

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