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

Firestone Diamonds seeks capital to boost Botswana operations

15 july 2009

Firestone Diamonds has conditionally placed 35, 8 million new shares at 20 pence each to raise about GBP7.2 million (USD1=GBP0.) before expenses to finance the commissioning of a mine at BK11, kick start resource development at BK16 and provide working capital.
Firestone had earlier indicated that mine development planning for the BK11 kimberlite was going ahead and production was set to begin in June next year.
"We believe that we will be able to make a decision to develop a new mining operation on BK11 following completion of the final phase of evaluation work, with production commencing in mid-2010," it said in a statement.
Firestone chief executive officer Philip Kenny said with the company now fully financed to develop and commission a mine at BK11, coupled with a slight recovery of prices in the rough diamond market, the future was bright.
The firm also noted that negotiations with Botswana’s diamond giant, Debswana on a toll treatment agreement for the Jwaneng tailings project were also on schedule and a contract might be signed this year.
Firestone's operations are now focused on Botswana as cost of production are considred to bevery low while the country’s mining legislation was also said to be investor friendly compared to South Africa where it has placed its operations under care and maintenance.

Mathew Nyaungwa, Rough&Polished from Namibia