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 Diamonds laments dwindling investors’ interest in London’s AIM

22 december 2023

Botswana Diamonds says the collapse of interest by investors in the AIM market in London has hurt all explorers.

Company chairperson John Teeling told investors that the pool of new investors had shrunk over the year, resulting in less exploration.

“Mines have finite, often short lives, so it is highly likely that a future scarcity of many minerals, including diamonds, will occur,” he said.

“The surviving producers should benefit. Botswana Diamonds has a loyal but dwindling cohort of investors.”

Teeling said they have sought to generate revenue, thereby avoiding fundraising and developing late-stage projects such as Thorny River.

Botswana Diamonds intends to bring the Thorny River diamond ground into operation in 2024.

Thorny River is estimated to contain between 1.2 million and 2.1 million tonnes of ore at an expected grade of between 46 and 76 carats per hundred tonnes.

The diamond value per carat is expected to be between $120 and $220 per carat, said Teeling.

Meanwhile, Teeling said they believe strongly that more deposits will be discovered in Botswana.

“But we are not blind to other opportunities,” he said.

“We continue to spend time and money in Zimbabwe, which is long known to have diamond potential. We have made some progress. We continue to look at older discoveries and former mines in South Africa where, by the application of new thinking and technology commercially viable projects can be found.”

Teeling said Botswana Diamonds was granted a prospecting licence on the Reivilo cluster of kimberlites in South Africa and has acquired a library of data on the kimberlites in return for a 3% royalty.

The company is currently reviewing the data.

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