Unifying role is the main objective of the National Gemological Association

Yuri Shelementiev runs the Gemological Centre (GC) at the Moscow State University and is a president of the National Gemological Association (NGA) uniting the gemologists of Russia. The head of the MSU’ GC and the NGA answered the R&P’s...

15 july 2019

“Our goal is to bring clarity to the offering of Lab Grown Diamonds”, asserts Chris Casey, President, Lab Grown Diamond Council

Chris Casey is a 15-year veteran of the diamond and jewelry industry.  Chris also has extensive experience in market research as Founding Managing Director of the NPD Diamond and Diamond Jewelry Service where his responsibility included the...

08 july 2019

Dr. Michael S. Krzemnicki: Our dedication to scientific research is an important foundation to our expertise

Dr. Michael S. Krzemnicki, PhD, Director of the Swiss Gemmological Institute SSEF, in an interview with R&P told about the activities and plans of one of the world's leading Gemological laboratories specializing in scientific research of diamonds...

01 july 2019

“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

Botswana begins due diligence on possible Lucara stake

03 july 2019

The Minerals Development Company Botswana (MDCB) is currently conducting due diligence on a possible stake in Lucara Diamond, which owns the Karowe Mine.
This comes after Botswana President Mokgweetsi Masisi said last month that he had proposed for Lucara to allow Gaborone to invest in the company. 

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                               Image credit: Lucara
          

“We want to see whether the offer can be viable because we don’t want government to get into unnecessary debts,” Botswana mineral resources minister Eric Molale was quoted as saying by BusinessWeek.
“We have not progressed anything thus far.” 
Unnamed analysts cited by the newspaper said Botswana’s decision to consider acquiring a stake in Lucara was a bit late as Karowe is left with a few years before ending open pit operations. 
“The thinking could be to cash in on the profits to be made now because by 2026, Karowe will be going underground where costs are higher and tricky variables are plenty,” said the analyst.
“It would have made sense to move in a few years ago, but by that time, Lucara’s value was at record highs after Lesedi and Constellation.
“Getting in prior to Lesedi and Constellation would have been a risk of taxpayer monies as no one would have predicted the two big stones’ discoveries.”
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.  

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