David Johnson: De Beers charts cautious Angola return amid industry transformation

De Beers is rebuilding its presence in Angola through government partnerships and community engagement, marking a strategic comeback following its difficult exit years ago from the diamond-rich nation. However, De Beers spokesperson David Johnson cautioned...

24 november 2025

Maria Krasnova: Colored gemstones are a serious investment

Maria Krasnova, Executive Director of the renowned company “Samotsvety ot Sokolov” (Gems by Sokolov), spoke to Rough&Polished about the Gemstone project aimed at selling precious stones, as well as about current market trends, new challenges...

17 november 2025

Forging a new legacy: Tshenolo Ntshekang on building a black-owned diamond beneficiation business in South Africa

In an industry historically defined by limited access and foreign dominance, Tshenolo Ntshekang is carving a new path. The founder of Banzi and Karolo Projects, a black-owned diamond beneficiation business, Ntshekang, represents a growing wave of...

03 november 2025

Mahiar Borhanjoo returns to ‘The Heart Of The Diamond Business’

Having started his career in the diamond trade at De Beers in London, Mahiar Borhanjoo returned to the diamond giant last year as Chief Commercial Officer after working for a decade for other diamond companies. Mahiar explains why he returned to De Beers...

27 october 2025

Mubri president Ali Pastorini: You just need to play a transparent game and do everything possible to attract clients

Ali Pastorini, co-owner of the DEL LIMA JEWERLY and president of the Mubri International Association, which unites more than 2,500 wholesalers, retailers, and designers from 18 countries. In this interview with Rough&Polished Ali Pastorini talks about...

20 october 2025

Lucara Diamond awards last major Karowe underground development contract

02 december 2025

Lucara Diamond has awarded the critical lateral development contract for its Karowe underground expansion project (UGP) to Group R Mining and Exploration Botswana, marking a significant milestone in the mine's transition from open-pit to underground operations.

The contract covers all underground lateral development work from the production and ventilation shafts to the orebody, including construction of the extraction level, underground crushing chamber, fine ore bins, pump stations, and associated infrastructure.

"We are pleased to announce the award of this critical Contract to Group R, marking an important milestone in the continued development of our underground project,” said Lucara president and chief executive William Lamb.

“The award of the last major contract for the UGP reflects our commitment to maintaining momentum on the Project and delivering the Project safely, responsibly, and in accordance with our schedule."

Group R chief executive Hannes van Staden said they are honoured to partner with Lucara on this crucial phase of the Karowe underground project.

“Our team is dedicated to upholding the highest standards of safety, quality, and operational excellence as we collaborate to open the next chapter of this world-class asset," he said.

Group R is expected to mobilise in the second quarter of 2026, with lateral development work commencing in July 2026.

The Karowe underground project is designed to extend the mine's life and maintain its position as a leading producer of large, high-quality diamonds.

Mathew Nyaungwa, Editor-In-Chief, Rough & Polished