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

Kimberley to re-open Botswana’s Lerala diamond mine

27 february 2014

Kimberley Diamonds has completed the acquisition of Mantle Diamonds, paving way for the re-opening of the Lerala diamond mine in Botswana.
Lerala mine, which was currently on care and maintenance, would target a production rate of about 400,000 carats per year once operational.
“The Lerala diamond mine provides Kimberley with an excellent near-term development opportunity beyond our flagship Ellendale diamond project and our recently acquired Argyle Smoke Creek alluvial diamond project,” said Kimberley chairperson Alex Alexander.
“Lerala has great potential and we are planning to bring the mine back into production this year.”
Alexander said rough diamond prices were on the rise and Kimberley Diamonds was well positioned to capitalise on this.
“This acquisition is in line with our growth strategy of becoming a diversified diamond producer and we will continue to look for further acquisition opportunities,” he said.
Kimberley Diamonds estimated that Lerala contained probable reserves of 8.38 million tonnes of ore with an average grade of 29.68 carats per hundred tonnes.

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