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...

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Marco Carniello: We want to continue to be the engine boosting the jewellery industry

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There is a significant need for smart and technological financial solutions in the diamond industry

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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

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De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

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Paragon Diamonds gets six new gemstones licences in Zambia

06 december 2012

The Mines Development Department of Zambia has approved Paragon Diamonds’ applications for six large-scale gemstone licences in the Mpika District.
The diamond junior said in a statement that the license areas were identical to the original applications, and comprised four licences in the eastern Luangwa (KapLamp) and two in the Mpika (Kabale) areas.
The terms of the license approval were for two years and an application for renewal can be applied for one year before expiry, it said.
In addition Paragon can establish and operate a plant to process gemstones within five years of the granting of the licenses, the miner said.
“The re-awarding of the Zambian exploration tenements as gemstone licences is entirely positive, and provides the company with an additional two years in which to conduct exploration, as well as a fast-track into production of any deposits discovered,” said Paragon managing director Stephen Grimmer.
The KapLamp area, which now comprises four gemstone licences, was known to host some 14 lamproites from which diamonds were recovered during preliminary testing by De Beers some 40-50 years ago.
Meanwhile, Paragon said bulk sampling at Lemphane project in Lesotho was continuing as planned with about 8,500 dry tonnes (equivalent to over 10,000 run -of-mine tonnes) processed to date of a planned 35,000 tonne run-of-mine bulk sample.
Paragon vice chairman Martin Doyle said the installation of a steady water supply at Lemphane meant the miner can now focus its efforts and resources in determining the diamond potential of the Lemphane kimberlite .

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