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

Lucara to complete underground feasibility study of EM/PK(S) in H2

08 july 2019

lucara_news.pngLucara Diamond said the underground feasibility study of the Eastern magmatic/pyroclastic kimberlite (EM/PK(S)) within the South Lobe of the AK06 kimberlite in Botswana, which was initiated in 2018, is scheduled for completion in the second half of 2019.
The feasibility study is vital in securing Karowe’s lifespan past its current 2026 open pit lifespan by at least another 10 years.
The EM/PK(S) is a higher grade and has larger diamonds – source of Lesedi La Rona, Constellation diamonds and the 1,758carat diamond recovered in April 2019.
At least 51% of the remaining South Lobe recoverable indicated carats and 35% of the tonnage is attributable to the EM/PK(S) unit, in comparison with 12% carats and 8% tonnage from the previous estimate.
Meanwhile, Lucara said it is projected to rake in between $170 million and $200 million in revenue from the sale of between 300 000 carats and 320 000 carats.
The company was also set to produce between 300 000 carats and 330 000 carats this year.

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