Chris Del Gatto: “We provide capital to smart companies”

Chris Del Gatto, CEO & Co-Founder of DELGATTO Diamond Finance Fund L.P., a New York-based non-bank lender to the diamond and jewelry industry, started his career as a diamond cutter when he was just 17. In his early 20’s, Chris went on to co-found a...

Yesterday

Lunhianga Project: "The forecasts for this year point to the production of about 100 thousand carats of diamonds"

Advanced information, by the coordinator of Endiama’s Lunhinga Project Management Committee, Adérito Gaspar, points to a drop in production due to the pandemic, but with good prospects in view of the potential of the kimberlites of Camatchia, in production...

19 october 2020

Crisis is the way to development

Maria Krasnova belongs to the second generation of the St. Petersburg jewellers. She is a daughter of Pavel Sokolov, the founder of ‘Samotsvety ot Sokolova’ (Gems by Sokolov), a jeweller and expert gemologist famous for his collection of unique...

12 october 2020

Gaetano Cavalieri: Diamond producers no longer insisting that clients purchase what they are offered

Dr. Gaetano Cavalieri has served for the past 19 years as president of CIBJO, the World Jewellery Confederation. Uniting national jewellery and gemstone associations from more than 40 countries, including Russia, and many of the industry’s major corporations...

05 october 2020

Worth of gold and diamonds

Initiatives in Arts and Culture and De Beers recently co-hosted a webinar on the worth of gold and diamonds. The webinar, which was moderated by Mickey Alam Khan, the founder and editor of Luxury Daily, featured Jeffrey Christian, founder and managing...

28 september 2020

Botswana Diamonds to zero-in on potential kimberlite pipes in SA

15 october 2020
news_01062020_marsfontein.png
Image credit: Botswana Diamonds

Dual-listed Botswana Diamonds has commenced a precision ground geophysics programme to zero-in on potential kimberlite pipes on the prospective Marsfontein and Thorny River properties, in South Africa.
The company said it will focus on four high-potential targets to finalise early drilling.
The first one, considered the largest and most prospective of the anomalies, was generated by UK group Subterrane’s recent detailed assessment.  
Geophysics will confirm potential targets for November drilling.
With the second target, an assessment by Canadian group Terramodelling Services identified a further anomaly where geophysics will also confirm a target for November drilling.
The new Marsfontein anomalies (M9 and M17) identified by reviewing historic data would be the third target.
“Our own detailed geophysical survey is required to accurately geo-reference the targets for drilling in November,” said Botswana Diamonds.
The fourth target consists of two thick intersections on Frischgewaagt, which suggested multiple kimberlite ‘blows’.
Meanwhile, Botswana Diamonds said it is also undertaking a detailed ground geophysical survey over the Marsfontein alluvial deposit, following an independent assessment of the potential for diamondiferous alluvial deposits.
“A combination of ground gravity, electromagnetic (‘EM’) and magnetic surveys will be undertaken by Geofocus…,” it said.
“EM and magnetics have previously been used to delineate kimberlite dykes, which were later confirmed by drilling. The detailed ground gravity survey specifically focuses on delineating kimberlite pipes.”

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