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

Octéa Diamond to boost monthly output to 45 000 ct in Sierra Leone

08 august 2012

Octéa Diamond, formerly Koidu Holdings, has opened its flagship mine’s new 180 tonne per hour processing plant, which will lift diamond output from 10 000 carats per month to 45 000 carats per month during the third quarter of this year.
Mining Weekly reports that the mine’s current defined indicated and inferred resource was more than 14-million tonnes at grades ranging from 0.32 to 0.76 carats a tonne.
An additional 3.7-million tonnes of kimberlite was drilled and classified as geological potential, which would be upgraded into the resource statement in the next phase of resource extension and evaluation.
Octéa chief executive Jan Joubert said the implementation of the Koidu expansion project would enable the company to generate a healthy return on capital.
“Even during economic downturns the 180 t/h mine configuration should generate a return and while the current life-of-mine plan is for 15 years, we believe it could be extended by at least another 10 to 15 years,” he said.
Joubert said that Octéa was targeting an annual output of two-million carats by 2018.

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