Ali Pastorini: Challenges make us think out of the box and be closer to customers

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

Yesterday

Today’s customer needs an offer of something unique that others do not have

Oksana Senatorova is the publisher of the Jewelry Trade Navigator magazine and the founder of the Jewellery Business Academy.
She graduated from I. M. Sechenov Medical Academy and the Faculty of Psychology of Lomonosov Moscow State University...

09 january 2020

Inventories accumulated by De Beers, ALROSA to put ceiling on prices near-term even if demand substantially picks up – Zimnisky

As we are in the last month of 2019, it is prudent to examine what the diamond industry went through and the possible trajectory in the upcoming year. Industry expert, Paul Zimnisky spoke with Rough & Polished’s Mathew Nyaungwa to discuss this and other...

30 december 2019

Empowering customers and engaging more with our stakeholders is the new Mission

The unassuming Govindbhai Laljibhai Dholakia, Chairman, Shree Ramkrishna Exports Pvt Ltd (SRK) is not just an ace businessman but a noted philanthropist. He has contributed immensely to social welfare with special focus on education … a noteworthy...

23 december 2019

‘Dubai has proven to be a great port for diamond tenders’

Stargems, which was established by Shailesh Javeri in 1981, has been involved in the trading of rough diamonds and is now also into manufacturing, wholesaling, retailing, tendering of diamonds and diamond jewellery. Although, the company has operations...

16 december 2019

Botswana Diamonds, Vast revise agreement over Zim diamond concession

29 november 2019

Botswana Diamonds and Vast Resources have signed a new agreement in respect of their proposed joint venture (JV) in Marange area, in Zimbabwe.
The two companies had previously concluded an agreement for the development of Heritage concessions in the Marange diamond fields and that a separate agreement would cover the joint development of diamond properties outside of the Marange diamond fields. 

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    Image credit: Botswana Diamonds


Vast then recently entered into a joint venture agreement with Chiadzwa Mineral Resources to establish Katanga Mining.
Katanga intends to conclude a joint venture agreement with the Zimbabwe Consolidated Diamond Company (ZCDC) for the purpose of exploring and mining at the Chiadzwa community diamond concession as well as marketing diamonds mined from the operation.
Botswana Diamonds said it will be issued with new shares representing 2.5% of Katanga when the detailed agreement between Katanga and ZCDC becomes effective.
“Zimbabwe is opening up to investment. The country is rich in resources and has significant diamond potential,” said Botswana chairperson John Teeling.
“…this a revised package from that on which Botswana Diamonds and Vast Resources had previously agreed to cooperate.”
Vast will provide all capital requirements for the project start on a loan account to Katanga, up to a maximum of $10-million.

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