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

Lonrho Mining shares jump 23.08%, diamond kimberlite exploration to commence

03 april 2012

Lonrho Mining shares have spiked 23.08% in early afternoon on 2 April, reaching a high of A$0.016, reported.
Even more impressive is the company’s performance over a three month period, with shares trading 129% higher than early January.
Last week Lonrho appointed former Rio Tinto Diamonds managing director Gordon Gilchrist as chairman, as part of a revamp of the company’s board.
Gilchrist will lead Lonrho as the company commences the kimberlite exploration phase at the Lulo Diamond Concession in Angola, which is expected to take between 12 and 18 months. Funding for exploration will be derived from a recent $12.7 million entitlement issue.
A total of 247 kimberlite targets have been identified at Lulo, hosted by the deep seated Lucapa Graben structure.
Lonrho has recovered 220 diamonds weighing more than 273 carats recovered from bulk alluvial sampling up to the end of November 2011, including a gem quality 53.2 carat stone.
The Lulo project is located in the diamond rich Lunda Norte Province, 700 kilometres east of the capital city Luanda via sealed road and 150 kilometres from the Catoca mine, which is considered to be the third biggest kimberlite mine in the world, with reserves of 170 million carats.

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