Dr. M’zée Fula Ngenge: How De Beers’ Lightbox undermined natural diamonds

De Beers’ venture into the lab-grown diamond (LGD) market through its subsidiary Lightbox backfired, undermining its century-old luxury positioning around natural diamonds, according to the African Diamond Council (ADC) Chairperson Dr...

19 may 2025

LDB’s David Troostwyk: London still has major role to play in global diamond trade

London Diamond Bourse (LDB) President David Troostwyk has had a varied career in the diamond business. David sat down with Rough&Polished to discuss how his love of diamonds started, his career, the state of the diamond trade in the UK and globally...

12 may 2025

David Johnson: De Beers balancing lab-grown and natural diamonds rarity while pioneering ethical transparency

De Beers has been differentiating its lab-grown diamond brand, Lightbox, by positioning it as an affordable, fashion-focused product. Group spokesperson David Johnson told Rough & Polished that this is in contrast to how De Beers promotes natural diamonds...

28 april 2025

Who will bear the cost? Paul Zimnisky weighs in on U.S. jewellery tariff impact

The United States jewellery industry is facing a complex balancing act as new tariffs on diamonds force wholesalers and retailers to decide whether to absorb costs, negotiate with overseas suppliers (particularly India), or pass them on to consumers...

14 april 2025

Thataitsile Moremedi: South Africa's State Diamond Trader providing market access, exposure for nascent manufacturers

Although it is challenging for previously disadvantaged individuals to enter the diamond industry due to the financial barriers, South Africa's State Diamond Trader is providing nascent entrepreneurs with exposure, market access, and other support...

31 march 2025

Amplats inks 20-year energy offtake agreement with Envusa

06 march 2024

Anglo American Platinum (Amplats) has signed a 20-year energy offtake agreement (EOA) with Envusa Energy through its fully-owned Rustenburg Platinum Mines (RPM) subsidiary.

Envusa is a collaboration between EDF Renewables and Amplats’ parent firm, Anglo American, to create a renewable energy ecosystem in Southern Africa.

Envusa will provide RPM with about 460 MW of renewable energy from its Koruson 2 solar and wind facilities located on the border of the Eastern Cape and the Northern Cape Provinces in South Africa.

This will be facilitated through the South African power utility, Eskom's electrical system, as per the EOA.

The Koruson 2 projects are set to commence construction this year, and all projects are anticipated to be operational by 2026.

“The conclusion of the EOA with Envusa to secure clean energy for our operations is a significant milestone in our journey towards our decarbonisation commitments, ensuring that our PGM metals, which are themselves critical to enabling the just energy transition, are produced in a safe and sustainable manner, supporting our environment, social, and governance leadership priority,” said Amplats chief executive Craig Miller.

"In addition, the generation of energy from these wind and solar projects will provide further resilience to Eskom’s national electricity provision and reduce our electricity costs.”

Amplats seeks to decrease its greenhouse gas emissions by 30% by 2030 and attain carbon-neutral operations by 2040.

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