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The African Diamond Producers Association (ADPA), which is based in Luanda, Angola, and represents the interests of mainly African diamond producers and those with the potential to produce diamonds, will next year launch the Sustainable Development...

Yesterday

Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future

Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...

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Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

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James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

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Kimberley raises A$4m to fund Botswana operations

03 february 2017
Kimberley Diamonds is raising more than A$4-million through a non-renounceable pro-rata rights issue to fund operations at its Lerala diamond mine, in Botswana and repay some existing loans.
The rights issue will close on February 15.
Eligible shareholders would be allowed to purchase one new share for every existing Kimberley share held, with the shares to be priced at 2c each.
Kimberley Diamonds had raised additional debt of A$ 2.9 million since 1 October 2016, and repaid A$ 1.0 million debt.
It also had a total debt of A$ 22.6 million as at 1 December 2016.
The Lerala Mine comprises five diamond bearing kimberlite pipes and an existing diamond processing plant that had been recommissioned, with Lerala restarting diamond processing operations in April 2016.
Lerala produced 9,338 carats last November.

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