Lab-grown diamond jewellery sales to breach the 10% mark for the first time this year – Zimnisky

The supply and demand for man-made diamonds had been on an increase in recent years, much to the discomfort of the natural diamonds industry. Some companies in the mid-stream segment of the natural diamond industry are now involved in the lab-grown business...

28 november 2022

Diamond mining and diamond synthesis: Which is more efficient?

Vladislav Zhdanov - Professor at the National Research University Higher School of Economics and former Vice President of ALROSA (2015-2018). He is a physicist by profession. Vladislav Zhdanov was educated at the Ural Federal University (General...

21 november 2022

The success of TAGS over the past 5 years has encouraged many large tender houses to establish regular and sizeable tender operations in Dubai

Mike Aggett is an experienced Private Consultant with a demonstrated history of working in the mining and metals industry. Skilled in Luxury Goods, Business Planning, Sales, Gemology, and Jewelry, Mike is a professional who graduated from Dover College...

14 november 2022

It all starts with stones - it is they that give impetus, determine the image and embodiment

Maxim Selikhov is the founder of the SelikhoV Diamonds brand launched in 2006, and the company manufactures unique handmade jewellery with rare high-quality gemstones. He is also known as a collector of unique and large-size jewellery stones who considers...

07 november 2022

‘Our technologies – CVD machines and growing technology – are game changers’, asserts Arnaud Flambeau, Executive Chairman, 2DOT4 Diamonds LLC

Arnaud Flambeau is the Executive Chairman of ‘2DOT4 Diamonds LLC’, Dubai, a fully integrated lab-grown diamonds company. The Company provides rough 'as grown' diamonds, in-house polished IGI certified loose polished diamonds and high-quality...

31 october 2022

Petra mulls ‘responsible’ exit from Koffiefontein diamond mining operations

28 april 2022
Petra Diamonds is exploring a responsible exit from its investment in the Koffiefontein diamond mining operations in South Africa.
The Koffiefontein mine has a current mine plan for the fiscal year 2025 and a process of right-sizing the operation, which is likely to involve a reduction in employee headcount, has begun.
This process, it said, seeks to provide for sustainable operations at the mine until the end of its mine plan.
“Given the gross resource base of about 5.25 million carats as of 30 June 2021, including 1.11 million carats in the indicated resource category associated with underground resources, it may be feasible for another owner to extend the mine’s life,” said Petra in a note.
“The focus of this disposal process will be to identify a technically and financially suitable buyer that could potentially unlock further value from Koffiefontein.”
If a suitable buyer is not identified through this process, the miner said it would be committed to operating the mine responsibly following its current life of mine plan before proceeding with a decommissioning, rehabilitation and closure programme.

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