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

Paragon Diamonds boosts equity in Lesotho’s Lemphane kimberlite project

15 may 2014

Paragon Diamonds has conditionally increased its interest in the Lemphane kimberlite project in Lesotho, owned by Meso Diamonds, from 85 percent to 100 percent.
The company acquired the 15 percent interest held by its local partner, Martin Matekane of Matekane Mining.
“It should be noted that Paragon Diamonds will now hold 80 percent of the equity in the project, together with the Government of Lesotho holding 20 percent, terms not matched by any other comparable mining operation in the country at this time," it said in a statement.
The diamond junior said it was moving towards the stage one mining development phase at the Lemphane.
The company was targeting 20,000 carats during stage one with an estimated minimum value of $750 per carat that was expected to generate in excess of $8 million revenues per annum. Revenues would be reinvested to further develop Lemphane and complete a bankable feasibility study, a 3D geological model and a substantial inferred resource ahead of commencing the stage two production phase.
Stage two would see production ramped up to 3Mt/year with peak production expected to hit 65,000 carats per year of high value diamonds.

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