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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...
28 october 2024
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...
14 october 2024
James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration
London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...
07 october 2024
Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products
Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...
30 september 2024
Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices
The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...
23 september 2024
De Beers receives R4bn from Standard Bank for Venetia underground project
Mining Weekly reports that the bank provided a revolving credit facility to help the mine finance the completion of the underground project.
“Our appointment by De Beers gives us the opportunity to leverage our specialist knowledge within the mining industry,” Standard Bank corporate financing solutions manager Kesh Ramlakun was quoted as saying.
The underground project seeks to transition the mine from an open pit to an underground operation, thereby extending the mine life by 23 years to 2046.
Construction of the underground project started in 2013.
Underground production was initially expected to commence in 2021, while the mine was projected to treat about 130 million tonnes of ore, containing close to 96 million carats.
The underground project is targeting its first production by late 2022 and ramp-up to full production from 2024.
At least 5.9-million tonnes of ore will be treated through the existing process plant to produce about 4.5-million carats of diamonds a year.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished