Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

16 april 2024

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

New investor shows interest in Ghaghoo mine – Botswana Diamonds

27 march 2024

Botswana Diamonds says there is interest from a new investor in acquiring the Ghaghoo mine, in Botswana.

It said Ghaghoo, which is currently under care and maintenance, together with KX36, the new anomaly, if diamondiferous, and the Maibwe licences, in which Botswana Diamonds is a joint venture partner, could provide the core for a new diamond-producing area in Botswana.

“We are examining a proposal to use data analytics and Artificial Intelligence techniques to evaluate the data,” said company chairperson John Teeling.

“We strongly believe that this approach will identify new targets.”

The KX36 project is a 3.5-hectare kimberlite pipe in the Kalahari.

The pipe has resources of 17.9 million tonnes (Mt) at 35 carats per hundred tonnes (cpht) (indicated) and 6.7Mt at 36 cpht (inferred) at $65 per carat.

The modelled grade range is 57–76 cpht at an estimated diamond value of up to $107/ct, said Teeling.

Meanwhile, Botswana Diamonds said any of its discoveries in 2024 is unlikely to come into production before 2032.

“But it is important to realise that the shareholder base for explorers differs radically from that of producers,” said Teeling.

“A successful diamond find would be expected to ratchet up the share price and provide liquidity for shareholders wishing to cash out.”

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