Gaetano Cavalieri: We need to protect the long-term health of our industry

The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation...

23 march 2020

Sierra Leone mulls setting up entity to buy diamonds from artisanal miners

Sierra Leone will revise its Mines and Minerals Act that will, among other issues, pave way for the establishment of a State entity that can buy diamonds from artisanal miners, an official has said. The National Minerals Agency of Sierra Leone director-general...

16 march 2020

David Block, CEO of Sarine Technologies believes that AI will play a bigger role in the industry in the next few years

Armed with an MBA degree from the Kellogg-Recanati School of Business, and a Bachelor's degree in Computer Science from the Tel Aviv-Jaffo Academic College in Israel, David Block is the present CEO of Sarine Technologies, a worldwide leader in the...

10 march 2020

Botswana wants to fully participate in research and development led by De Beers

Although the government of Botswana has refused to review its latest demands from the ongoing negotiations for a new sales and marketing deal with De Beers, it has indicated its desire to fully participate in research and development led by the diamond...

02 march 2020

High-tech trend is most promising for industries using diamonds

Synthesis Technology is a leading diamond producer in Russia. The company produces carbon single crystals - lab-grown diamonds and single-crystal wafers. The diamonds completely identical to natural ones are ‘grown’ at the laboratory using advanced HPHT...

25 february 2020

Star Diamond provides update regarding option to JV with Rio Tinto Exploration Canada Inc.

21 february 2020

Star Diamond Corporation announced that, following a review conducted by Star Diamond’s special committee of non-management directors, with assistance from the special committee’s independent legal counsel, Star Diamond has notified Rio Tinto Exploration Canada Inc. (RTEC) that its purported exercise in November 2019 of its four options under the Option to Joint Venture agreement dated June 22, 2017 did not comply with the terms of the agreement.   

Image credit: Star Diamond

Star Diamond has also notified RTEC that its operations and claimed expenditures in relation to the Corporation’s Star - Orion South Diamond Project located in central Saskatchewan did not comply with the agreement.
Star Diamond has advised RTEC that it must immediately comply with all of its obligations under the agreement, including in connection with RTEC’s operations and expenditures in relation to the project, any exercise by RTEC of the Options, and the immediate provision to Star Diamond of all information and data required under the agreement.
While Star Diamond has not to date been provided with any meaningful data from RTEC’s drilling operations at the project, Star Diamond believes that RTEC’s continuing actions and conduct in relation to the project are consistent with a belief by RTEC that the project warrants significant continued investment. Star Diamond believes that RTEC has expended significant funds at the project to date, and that RTEC intends to continue doing so during 2020.  
Star Diamond looks forward to receiving all technical and other data from RTEC’s operations to date at the project as soon as practicable.  

Alex Shishlo, Editor of the Rough&Polished European Bureau