Platinum’s rare nature gives it additional value and appeal

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

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

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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

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23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

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India’s Supreme Court panel asks NMDC to close diamond mine in Panna

25 july 2019

supreme_court_of_india_logo.pngIndia’s Supreme Court-monitored committee has asked the National Mineral Development Corporation (NMDC) to prepare a closure plan for the diamond mine in India’s Madhya Pradesh Panna Tiger Reserve (PTR) by the end of September 2019 so that it can be shut by June 2020. However, NMDC-- a Public Sector Undertaking (PSU) -- has instead gone ahead and is seeking an extension of the mining lease till 2035, according to media reports.
NMDC officials have asserted that since not all diamonds have been excavated, the lease for mining in the Majhgawan mine in the PTR should be extended up to 2035. The PTR is spread over an area of 54,200 hectares.
In 2005, the Madhya Pradesh State wildlife protection board had given mining clearance to NMDC, which is under the administrative control of the Ministry of Steel, with the condition that it should phase out its operations by 2020. Majhgawan is the only diamond mine in India.

Image credit: Panna Tiger Reserve

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished