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

Botswana takes steps to diversify from diamond mining

15 july 2021
Botswana is taking steps to diversify from diamond mining as it commenced work on its first iron-ore mine, according to media reports citing a senior government official.
The Ikongwe iron-ore mine was recently granted a licence to develop the project.
Reuters quoted Chetan Patil, director of Vision Ridge, the business developing the mine, as saying that the deposit would produce a million tonnes of iron ore per year for 10 years, with iron-ore content of up to 65%, commonly referred to as 65% iron.
"Because of the prevailing high international market, we will target the export market but we also have plans to set up a pig-iron plant in Botswana," said Patil.
Botswana had been granting licences to mine commodities such as coal, copper and iron ore.
Mineral resources minister Lefoko Moagi said the iron-ore mine is looking at processing some of the run-on-mine material for local steel production.
“This will revive the local steel industry," he said.  
Botswana’s dependence on diamonds, which account for a fifth of the country's GDP and more than two-thirds of its foreign currency earnings, was exposed in 2020 when the COVID-19 pandemic paralysed the industry.
The pandemic drove diamond prices downwards, which saw the country's economy shrinking by about 8% last year compared to a growth of 4% before the pandemic.

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