Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future

Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...

28 october 2024

Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products

Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices

The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...

23 september 2024

Petra to complete the sale of mothballed Koffiefontein mine end of Oct

08 october 2024

London-listed Petra Diamonds is expected to conclude the sale of its mothballed Koffiefontein mine in South Africa at the end of this month.

This follows the granting of unconditional consent by the Department of Mineral and Petroleum Resources for the sale of the entire issued share capital of Blue Diamond Mines to Koffiefontein Holdings, an affiliate of the Stargems Group.

Petra said it will avoid incurring closure-related costs of between $15 million and $18 million due to the transaction.

“The grant of the Section 11 consent by the Department of Mineral and Petroleum Resources (DMPR) will allow the Koffiefontein mine to continue with economic activity under new ownership,” said company chief executive Richard Duffy.

“We believe this is the best possible outcome for all stakeholders…"

The Koffiefontein mine has been under care and maintenance since November 2022.

Mathew Nyaungwa, Editor in Chief, Rough&Polished