Tshepo Molusi: South Africa establishes dedicated diamond retail shop in China

T3 Diamonds founder Tshepo Molusi told Rough & Polished’s Mathew Nyaungwa at the inaugural South Africa Diamond Show in Cape Town that the shop opened an opportunity for diamond manufacturers under the incubation to export their products to China. He...

17 february 2025

Nosiphiwo Mzamo: South Africa’s State Diamond Trader to buy diamonds from other African countries

South Africa’s State Diamond Trader (SDT) is set to buy diamonds from other African countries starting with Botswana. SDT’s chief executive Nosiphiwo Mzamo told Rough & Polished’s Mathew Nyaungwa at the country’s inaugural diamond show, which...

10 february 2025

Edahn Golan: Halo effect from lab-grown diamonds driving high demand for large, 2-carat natural stones in the U.S.

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough & Polished's Mathew Nyaungwa in an exclusive interview that their research found a halo effect from lab-grown diamonds. He said the trend among lab-grown diamond...

27 january 2025

Paul Zimnisky: We will see a modest recovery in natural diamond demand and prices in 2025

According to Paul Zimnisky, an independent diamond and jewellery analyst and consultant based in the New York metro area, the natural diamond industry will see a modest recovery in demand and prices this year. Zimnisky said a moderate recovery would...

13 january 2025

African Diamond Council makes traceability its top priority, wants KP to embrace Authentia.io

The African Diamond Council (ADC) has made traceability its foremost priority and has been contributing to a traceability solution called Authentia.io for the last three and a half years, which is now ready to globally satisfy the traceability...

16 december 2024

A giant lithium deposit discovered in the U.S.

10 january 2024

The largest lithium deposit on Earth is probably located at the junction of the states of Nevada and Oregon (USA).

The gismeteo.ru news portal reports that, according to recent estimates, there are deposits of 40 million metric tons of lithium under the caldera of the McDermitt supervolcano. The area of the caldera is about 1,575 square kilometers.

If the examination of the deposits confirms the assumptions of experts, the deposit will receive the status of the largest on the planet, ahead of the Bolivian ones containing 25 million tons of lithium.

According to scientists, the discovery has significant significance for the global lithium market and will affect prices, logistical security and geopolitics.

According to a study conducted by the Lithium Americas Corporation, lithium deposits under the caldera were formed after an eruption that occurred approximately 16.4 million years ago. Later on, the minerals rose to the surface from the depths, forming a rich scattering of smectite clays with a high concentration of lithium.

Alex Shishlo for Rough&Polished