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...

Yesterday

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

Tsodilo, TBM sign royalty agreement

28 july 2020
Diamond and metals exploration company, Tsodilo Resources has reached an agreement with TBM to grant royalties on its wholly owned Botswana subsidiary Gcwihaba for $500,000.
Tsodilo said proceeds from the royalty sale will be used for exploration and general corporate purposes.
“The agreement represents significant potential revenue for the buyer and an attractive source of funding for Tsodilo, allowing us to fund our exploration activities while still giving Tsodilo shareholders full upside exposure to our projects," said company chief executive James Bruchs.
Gcwihaba’s metal licences include base and precious minerals, platinum group metals and rare-earth elements.
The package of assets in the royalty sale includes the grant of a 0.5% net smelter return or net mineral return on Gcwihaba's seven prospecting metal licenses in northwest Botswana.  
Tsodilo has a 100% stake in its Gcwihaba project area. 
It also wholly-owns Bosoto, which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) and the PL216/2017 diamond prospection licence also in the OKF. 

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