Consumers attracted to diamond jewelry more than ever

Ali Pastorini is the co-owner of Del Lima Jewelry 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

WDC actively supports initiatives from mine to retail; and also strives for support for the artisanal and small-scale miners - Edward Asscher, President, World Diamond Council

A member of one of the diamond industry and Amsterdam’s most well-known families, Edward Asscher was elected President of the World Diamond Council in June 2020 for a two-year term. Asscher is serving a second time as WDC President, having led the organization...

14 september 2020

Diamonds are one of the few things that have held human fascination in every nook and cranny of the world across time

Dr Usha R. Balakrishnan, a preeminent historian of Indian jewellery based in Mumbai, is Chief Curator of the World Diamond Museum. Being the author and co-author of several volumes of Diamonds Across Time, a new book and an important venture launched...

11 september 2020

Botswana Diamonds to bulk sample KX36 kimberlite, sees commercial potential

Botswana Diamonds recently acquired Petra Diamonds’ exploration assets in Botswana for $300000. The assets that were owned by Petra through its wholly-owned Sekaka Diamonds Exploration, include the KX36 project, a 3.5 hectare kimberlite that was a new...

07 september 2020

Indian diamond industry looks for recovery options

Webinars being the order of the day due to COVID-19 crisis, the Gem & Jewellery Export Promotion Council (GJEPC) of India organized a virtual meeting under its UNCUT 2020 Webinar series on 17 August 2020, inviting all stakeholders to discuss...

31 august 2020

Vast Resources “well placed” to execute Zimbabwe diamond strategy

12 february 2020

VAST_Resources_logo.jpgAIM-listed Vast Resources says it has everything in place to hit the ground running once it concludes an agreement with the Zimbabwe Consolidated Diamond Company (ZCDC).
Vast has already concluded a joint venture with Chiadzwa Mining Resources, a company designated to represent Chiadzwa Community interests in the Chiadzwa Community Diamond Concession. 
Its current discussions to finalise the joint venture agreement with ZCDC will enable the concession to procure a special grant for the mining of diamonds.  
“We enter 2020 in a far stronger position than at any time in the company’s history,” Vast chief executive Andrew Prelea was quoted as saying by Proactive Investors.
“… we are well placed to execute our Zimbabwe diamond strategy as soon as the agreement with ZCDC is concluded, a process that we believe will be concluded shortly.”
Vast recently revised an agreement with Botswana Diamonds, which will see the latter acquire a 2.5% interest in the cashflows generated from Vast’s share in the Chiadzwa concession in exchange for providing “know-how for all aspects of exploration, mining, processing and marketing”.
Vast recorded a loss after tax of $3.5 million for the six months to 31 October, a 36% decrease compared to $5.5 million, a year earlier. 
Foreign exchange losses also contracted to $800,000 from $1.4 million in the six months. 
The company’s cash balance for the period was $1.2 million compared to $775,000 in 2018. 

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