“We help our clients take on a future that is full of unknown challenges, yet brimming with opportunities,” says Rajesh Shah, Partner, Venus Jewel

Rajesh Shah has been a partner of Venus Jewel since joining the firm in 1985 with a deep focus on business development and sales. Working with his elder cousin Anil and his younger brother Hitesh, he has made the ongoing development of Venus Grading...

08 august 2022

“Soaring inflation, reduced disposable income, consumers’ ability to purchase will be the scenario,” warns Antonio Cecere, President, Geneva Diamond Exchange

Antonio Cecere is the Managing Director of Cecere Group which operates in the diamonds and luxury goods sector, and it includes Cecere Monaco, an alternative investment boutique firm specializing in diamonds, Regina Monte Carlo, a fashion jewellery brand...

01 august 2022

Botswana leads in providing financial incentives for diamond exploration – Campbell

Botswana, which is one of the top diamond producers in the world, continues to provide legal certainty and financial incentives for diamond exploration and mine development, according to James Campbell, the managing director of Botswana Diamonds. He...

25 july 2022

“The future of real diamonds is greater than ever” asserts Leibish Polnauer, Founder- President, Leibish & Co

Way back in the year 1979, young Leibish Polnauer, then a diamond polisher, travelled to London only to find the factory at which he worked had been shut down. But, luckily he found an advertisement from the royal crown jeweler Garrard‘s seeking a 6-carat...

04 july 2022

Diamond prices remain steady despite sanctions imposed against ALROSA -Zimnisky

Sanctions imposed against ALROSA only resulted in the smaller gem and near-gem quality goods outperforming other categories in recent months, according to an independent diamond analyst Paul Zimnisky. He told Rough&Polished’s Mathew Nyaungwa in an exclusive...

27 june 2022

Glencore cuts full-year copper output guidance

04 august 2022
Glencore has lowered its full-year production guidance for copper mainly due to the ongoing geotechnical constraints facing Katanga’s open pit in the Democratic Republic of Congo (DRC) and continued management of higher levels of acid-consuming ore.
Company chief executive Gary Nagle said they reduced their guidance by 5% to just above 1 million tonnes from the previous 1,1 million tonnes.
Glencore said the operating challenges facing Katanga are expected to continue in the short to medium term, also impacted by land access constraints that Katanga is endeavouring to address. 
“We are accelerating the next cutback in the KOV pit to resolve some of the immediate constraints, while simultaneously planning upgrades to the processing circuit to match the evolution of the orebody over the life of mine,” said the company.
The company’s own sourced copper production of 510,200 tonnes was 15% lower in the first half of 2022 compared with 598 000 tonnes, a year earlier.

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