Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 2024

Botswana, De Beers sign heads of terms for new Debswana sales agreement and mining licences

03 october 2023

The government of Botswana and De Beers have signed the heads of terms for the new 10-year sales agreement for Debswana’s rough diamond production through 2033 and the 25-year extension of the Debswana mining licences through 2054.

The heads of terms offer more information and explanation about the business and operational aspects of the agreement reached by the two partners on June 30, 2023.

This includes details about the Diamonds for Development Fund, how Debswana supply will be divided, the economic arrangements, talent development, beneficiary supply, and value chain development, among other things.

“We are extremely pleased to have agreed the Heads of Terms with our partners at De Beers. This is an important step forward as we progress towards finalisation of the contracts and implementation of the transformational new agreements,” said Botswana minerals and energy minister Lefoko Maxwell Moagi.

“The new chapter we are embarking on will see more skills development and job creation for Botswana, and more diamond beneficiation locally.”

De Beers chief executive Al Cook said the agreement will deliver large new investments, supporting the country’s development aspirations.

“The agreement also underpins De Beers’ long-term leadership in the diamond industry, securing our equal share in the world’s greatest diamond resources for decades to come,” he said.

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