Diamonds: A cocktail of optimism, pessimism in the midst of Covid-19 pandemic

Rough & Polished’s Mathew Nyaungwa recently attended a webinar organised by CIBJO Communications to examine consumer demand at the time of the Covid-19 pandemic, importance of data, financial models and lab grown diamonds. The webinar, chaired by Edward...


How Russkiye Samotsvety is coping with the current downturn

One of the key issues facing most Russian companies today is the need for an objective assessment of the new consumption decline due to the quarantine, as well as making forecasts for a way out of it. According to a RBC-Petersburg’s study made in June...

03 august 2020

Global rough diamond sales down 80-90% in value in Q2 –Zimnisky

The COVID-19 pandemic, which is spreading across the globe, having originated from China’s Wuhan has left diamond traders and buyers at sixes and sevens. Traditional diamond tenders were cancelled around March as governments imposed travel restrictions...

27 july 2020

Indian diamond and polishing industry requires forward integration - Dinesh Navadiya

Dinesh Navadiya is now the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India for the 3rd term. He is also the Director on the Board of the Gem & Jewellery Skill Council of India (GJSCI)...

20 july 2020

GJEPC will focus on demand generation for diamonds and jewellery in the next two years

Mr. Vipul P Shah, Vice Chairman, GJEPC and also CEO & Managing Director of Asian Star Co. Ltd. has a rich experience in the diamond industry. His business acumen and professional conduct have contributed significantly in transforming a diamond manufacturing...

13 july 2020

Diamond Fields amends cooperation agreement with TMH over Madagascar project

10 july 2020
The Beravina Project                                                                                 Image credit: Diamond Fields Resources

Diamond Fields Resources (DFR) has amended its cooperation agreement with TMH Acquisition (TMH), a special purpose vehicle established by Denham Mining to advance the company's Beravina project in Madagascar.
The amended agreement requires DFR to undertake the next phase of work, which involves a high-resolution magnetic drone survey, the development of digital elevation models and limited groundwork with the aim of locating potential new mineral deposits and extensions to the existing deposit.
If successful, the company will engage in a drilling campaign on the project to be completed by 30 November 2020.
DFR committed to spend between $250,000 and $350,000 in connection with such activities, subject to ongoing positive results.
The amended agreement extends the time available for TMH to exercise its option to acquire the project in light of the new work programme.
TMH will have until 31 December 2020 to continue to exercise its option to acquire the Beravina project, which may be extended by three months through an advance payment of $250,000.

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