The diamond business is yet bright and has a good future in the coming days

Hitesh Patel, Managing Director of Dharmanandan Diamonds Pvt. Ltd., joined the family business in 1997 to help his father Laljibhai Patel, the founder of Dharmanandan Diamonds Pvt. Ltd. Egged on by its success, Hitesh set up the overseas presence of...

Today

The talk around LGDs is all hype

As a teenager, Luca Luterbacher began to design and manufacture single pieces and individual items for wealthy private family friends from Switzerland and Lichtenstein. In 2017, he finally invested in his own luxury trademark "Luterbacher."...

12 august 2019

Correct adjustment of advertising is the major challenge

At the recent Amberforum held in the Baltic city of Svetlogorsk, Andrey Yanchevsky, Head of the trade representation of the LA VIVION jewelery company shared his opinion with the correspondent of Rough&Polished on the state and prospects of the jewellery...

05 august 2019

Small-scale diamond mining is the future in Botswana – Leon Daniels

Pangolin Diamonds, which is currently the most active diamond exploration company in Botswana, has called upon authorities in the southern African country to include diamonds into the minerals permit for small scale mining operations. Pangolin chief...

29 july 2019

“There has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

22 july 2019

Botswana Diamonds raises £250k to fund exploration, progress SA bulk sampling

19 july 2019

botswana_diamonds_logo.pngBotswana Diamonds has raised £250,000 before expenses through the placing of 50 million new ordinary shares to fund its operations in in Botswana and South Africa.
It said in a statement that the funds will be used to continue diamond exploration efforts in Botswana and progress the Thorny River bulk sampling programme, in South Afica.
The diamond exploration company said funds will also be used for general working capital purposes and to bring the Marsfontein dumps and gravels into commercial production with first diamond sales expected by the fourth quarter of 2019. Marsfontein is contiguous to and an extension of the Thorny River project.  
Botswana Diamonds recently said its 40%-owned Vutomi had been granted permission to sell diamonds recovered during bulk sampling at the Thorny River project.
At least 256 carats of rough diamonds had been recovered as of June 10 from re-commissioning the processing plant.


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Thorny River Project                                                                                            Image credit: Botswana Diamonds

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