Demand will pick up once the season starts

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business...

14 october 2019

Prospects for discovering new diamond deposits in the Arkhangelsk Province are far from exhausted

ALMAZINTECH is engaged in technical auditing and comprehensive assessment of activities performed by exploration, diamond mining and gold mining businesses in Russia and other countries, as well as carries out research and development. It employs highly...

07 october 2019

Botswana Diamonds eyes expansion of Thorny River to include Marsfontein – Campbell

Botswana Diamonds, which has a 40% stake in Thorny River, through Vutomi, said there are plans to expand the project located in South Africa to include Marsfontein once a mining permit for the latter has been awarded. Company managing director James...

30 september 2019

Diamond knife and tender system: The tight-fisted paying twice?

LLC Kristalin is the only company in Russia that manufactures microsurgical diamond blades for domestic healthcare that meet international requirements and are used in ophthalmology, neurosurgery and plastic surgery. Mikhail Zhiltsov, the company’s Deputy...

23 september 2019

Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished...

16 september 2019

Vast Resources upbeat about Zim diamond concession

05 july 2019

VAST_Resources_logo.jpgVast Resources, which is looking forward to mine alluvial diamonds on the Heritage Concession, in Marange, Zimbabwe once granted a licence, has projected to recover a grade of 50 carats per 100 tonnes and a sales price of $58 per carat.  
It said in a corporate presentation that independent geological assessment quoted grades for the area as typically 100-200 carats per 100 tonnes and average prices of $80 per carat. 
Projections, said Vast, also indicate revenue after six months of $13.25 million per quarter on expenditure of $7.25 million per quarter after initial operating requirement including capital expenditure of $5 million.
The company said a joint venture with the with the Zimbabwe Consolidated Diamond Company (ZCDC) would be established with a view to developing, mining and marketing diamonds produced from the concession on a profit share basis with Vast receiving up to 75% of profits including management fees.
“Unmined concession which by virtue of its geographical positioning is anticipated to contain economically viable diamondiferous alluvials as well as conglomerate ore resources on which Vast expects to receive a license to start mining,” it said. 

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