Pandora’s endorsement of lab-grown stones will not devalue natural diamonds – Zimnisky

Jewellery retailer Pandora recently announced that it will no longer purchase natural diamonds as it had switched to lab-grown diamonds. However, diamond market analyst Paul Zimnisky told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that...

07 june 2021

“The volume of Forevermark diamonds that we drive through Indian partners is much higher than in other parts of the world,” says Sachin Jain

Sachin Jain has been a part of the Indian arm of De Beers that dates back to 2010 when he came on board as Head of Retail. In year 2014 he took over as President of Forevermark and today he is the Managing Director of De Beers, India. His single-minded...

31 may 2021

GSI's new Jaipur office to specialize in colored gemstones

Gemological Science International (GSI) has opened a new laboratory in Jaipur, India. Since this state is the capital of colored gemstones, the laboratory will have a dedicated division specializing in colored gemstone geographical origin and...

24 may 2021

“We welcome the mandatory hallmarking in the interest of consumers, but it is also essential to have proper and evenly spread infrastructure across India,” asserts Ashish Pethe, Chairman, GJC

Ashish Pethe, Chairman of All India Gem and Jewellery Domestic Council (GJC), formerly known as All India Gems & Jewellery Trade Federation (GJF) is based in Mumbai. As the third-generation heir of M/s Waman Hari Pethe Jewellers established...

17 may 2021

ALMAR is a case in point that will serve to develop the process of funding junior companies and geological exploration in general

Arkticheskaya Gornaya Kompaniya (AGK, Arctic Mining Company) develops the diamond deposits in the Lena-Anabar diamondiferous sub-province of Yakutia under the ALMAR (Diamonds of the Arctic) brand. This company attracts investments for...

10 may 2021

Caledonia commissions central shaft, boosts gold output

07 april 2021
Caledonia Mining says the new Central Shaft at its 64%-owned Blanket Mine in Zimbabwe, is now fully operational.
"We can now start to hoist rock, men and material [daily], which will solve our hoisting constraints and facilitate the planned expansion in mine capacity targeting 80,000 oz of gold production per year," said Caledonia chief executive Steve Curtis.
"This has been an owner-funded and built project by the Blanket team…"
The commissioning of the central shaft, which is the deepest shaft of any gold mine in Zimbabwe, had been the culmination of a six-year project costing about $67 million, all funded through internal cash flow.
Meanwhile, Caledonia said it is targeting an output of 61,000 to 67,000 ounces of gold in 2021 and 80,000 ounces of gold per annum from 2022.
It also announced an additional nine per cent increase in the quarterly dividend, the fifth increase in the past 18 months. 
This represents a cumulative 75% rise in the dividend since the first increase in October 2019.

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