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

Lesotho renews Letšeng mining lease

07 october 2019

gem_diamonds_logo.pngThe government of Lesotho has renewed Gem Diamonds’ mining lease for its 70%-owned Letšeng mine following a successful statutory negotiation process.
The lease was renewed with immediate effect for a period of 10 years with an exclusive right granted to Letšeng to renew the mining lease for a further period of 10 years.
"The mining lease renewal will allow the Letšeng mine to continue to make a very significant economic and social contribution to the people of Lesotho,” said company chief executive Clifford Elphick.
Gem Diamonds said the royalty payable in respect of diamonds sold by Letšeng was increased from 8% to 10% with effect from 3 October 2019
The royalty may be remitted in whole or in part in the event that Letšeng embarks upon any material capital project.
Gem Diamonds produced 126, 875 carats at Letšeng in 2018 compared with 111, 811 carats in 2017.
It recovered 15 diamonds greater than 100 carats in 2018, a record for a single calendar year. 
Production in 2018 also included the highest recovery of diamonds greater than 20 carats, with 80% of revenue primarily generated by diamonds greater than 10 carats.

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