Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

De Beers cuts diamond exploration budget for Botswana

26 march 2021
news_29032021_de_beers.png
Image credit: De Beers


De Beers will this year spend BWP26 million ($2.35 million) for its diamond exploration programme in South West Botswana, according to the local media.
The group spent BWP44 million ($4 million) last year on fieldwork programmes. 
"The 2021 budget for exploration in Botswana will be focused on supporting fieldwork programmes and undertaking technical desktop work," Mmegi quoted an unnamed De Beers’ external communications official as saying.
"The 2021 budget has been reduced to align with the current stage of the exploration project lifecycle, where there will be a greater focus this year on technical desktop work to assess the significant data and information acquired over the past two to three years."
This year's exploration would be focused on Kokong and Kgalagadi.
De Beers previously focused on a 3,900 square kilometre area on the outskirts of Tsabong, which historical studies had hinted could contain 80 kimberlites, with many of them bigger than 20 hectares in size.
"The Tsabong Project has been completed, and although the information does not necessarily indicate the presence of economic deposits, De Beers successfully added significantly to the knowledge of Botswana's geology through the discovery of 21 new kimberlite pipes, and provided a wealth of technical data…," the official said.

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