GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

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

Lucara produces first diamonds at new Botswana mine

24 april 2012

Lucara Diamond said that the Karowe Mine, in Botswana, which is Karowe Mine is in the commissioning stage has produced its first diamonds.
The quantity and grade of diamonds recovered during the very first ore run had been “outstanding”, it said in a statement emailed to Rough & Polished.
Over 5,300 carats of diamonds had been recovered from ore mined from the upper benches of the North Lobe of the deposit, which had an estimated grade of greater than 32 carats per hundred tones, it said.
Several large diamonds had also been recovered including four special stones larger than 10.8 carats.
The three largest stones recovered were 25.88 carats, 16.55 carats and 14.56 carats.
"The successful ore commissioning and recovery of the first production diamonds, especially including some high quality large diamonds, is an exciting time for the entire construction and operations team,” said Lucara chief executive William Lamb.
“The diamonds recovered show some very strong crystal shapes which we look forward to providing to the market in June. Diamond production and the processing of ore through the entire plant signals the transition of Lucara to a producing company – this is a very proud moment for us all."
Lucara said scheduled ore commissioning activities, which include specific run-time tests on the autogenous mill, would continue through April with the facilities progressively being handed over to the operations team.
Production, it said would continue to ramp up to full capacity through the second quarter this year.
Lucara also planned to have its first sale of diamonds recovered from the Karowe Mine during the first two weeks of June 2012.
Meanwhile, the miner said that it had signed a definitive agreement with The Bank of Nova Scotia for a $25 million revolving term credit facility.  
It said up to $15 million was available immediately with the remaining $10 million available following delivery of security over the company’s Karowe assets, which was expected during the second quarter of this year.

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