De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

11 november 2019

Belgian-quality diamond boiling in Dubai from TRIGEM

Born in New York, David Zabinsky is CEO & Co-Founder of TRIGEM, an independent diamond service provider in Dubai. Before TRIGEM, David was Manager at Ras Al Khaimah Economic Zone, where he was responsible for securing North and South American investment...

05 november 2019

Pavel Shelkov: "Our project is an attempt to fit Russia into the global trend and create a new private company in the diamond industry"

At the end of September, Moscow hosted the Second Annual Conference, "Gold and Diamond Mining Companies of Russia and Europe." The audience showed great interest to the presentation made by diamond geologist Pavel Shelkov of Almazy Zapolyarya...

28 october 2019

The team that turns sleeping stones into beautiful polished diamonds

Maxim Zemlyakov is the Director General of ADMS OOO, a company cutting and polishing natural and synthetic diamonds in Oryol. He has been the Director General of Oryol-ALROSA since 2007. Before heading it, he worked as a grinder, cutter, instructor...

21 october 2019

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

Vast Resources raises £655k to fund Zim diamond operations

13 august 2019

VAST_Resources_logo.jpgVast Resources has raised £655,000 through a placing and subscription for strategic operational requirements in Zimbabwe.
The company issued 595.5 million shares at a price of 0.11 pence per share.
The subscription was undertaken by a new institutional investor, who will also be issued 34.0 million warrants.
Vast is looking forward to mine alluvial diamonds on the Heritage Concession, in Marange, once it receives a licence from Harare.
It projected to recover a grade of 50 carats per 100 tonnes and a sales price of $58 per carat.   
It said last month 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 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. 
Vast will establish a joint venture with the with the Zimbabwe Consolidated Diamond Company (ZCDC) 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. 
Vast said it continues to progress its financing discussions and maintains its production targets by the end of 2019.

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