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

Target Suspends Diamond Operations in Sierra Leone to Mine Gold

12 march 2009

With rough diamond prices at half of what they were mid-year 2008,  Target Resources placed diamond mining activity in Sierra Leone on hold to focus on gold projects, according to a note to investors.  Target Resources has 4,262 acres of diamond and gold leases in Sierra Leone's  Kono District. The junior mining company also has an exclusive marketing agreement with Tiffany & Co., under which the luxury retailer has the right of first refusal on diamond output at market price, RAPAPORT reported.
In February, Tiffany agreed to advance Target Resources an additional $1 million loan facility, bringing the total outstanding amount of debt provided by Tiffany  and its subsidiaries to $9 million. The loan allows for commencing trial gold mining in Yele.
"As an alternative source of income, Target intends shortly to commence alluvial gold production along the Teye River and its tributary streams," according to the mining company.  The gold licence area includes auriferous active streams and alluvial terraces as well as greenstones of the Kambui Supergroup, the largest greenstone belt in Sierra Leone which is highly prospective for hard rock gold mineralization. An operation is also being put in place to recover gold from the slimes discharged during diamond production in Kono.