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South Africa government mulls investing in hi-tech diamond factory in Surat


South Africa government mulls investing in hi-tech diamond factory in Surat:

SURAT: If all goes well, South Africa Government may sign a memorandum of understanding (MoU) with diamond industry leaders for setting up of a state-of-the-art diamond polishing factory in the world’s largest diamond cutting and polishing hub in the city in December.

A delegation of diamond industry leaders led by Kirti Shah was invited by South Africa Government in Johannesburg last week to discuss possibilities of direct supply of rough diamonds to merchants and unit owners and setting up of a diamond factory in Surat.


“Founder of India Africa Trade and Investment in South Africa, Muhammad Amir Mirza, who hails from Kosamba near Surat, is expected to visit the Diamond City on Saturday to meet diamond industry leaders over the plans of South Africa Government. With direct supply of rough diamonds by South Africa, diamonds will be much cheaper,” Shah said.He said a company will be formed in Surat to deal with South African Government in direct supply of rough diamonds. The government there is very keen to invest in a huge factory in Surat, where people from South Africa will be trained in diamond cutting and polishing. “”At present, diamond merchants in Surat have to visit Belgium, Israel and Dubai to purchase rough diamonds. Brokers sell rough diamonds at about 13 per cent rate difference.

Read the articles:

Surat traders to get diamonds directly from South Africa

Surat Diamond Association (SEA) has signed a Memorandum of Understanding (MoU) with South African government in Johannesburg to start a direct trade of rough diamonds from the country. As per the MoU, rough diamonds from the mines of South Africa will directly reach the traders of Surat and …


Diamond Video Challenge Rapaport

Sierra Leone

Diamond Video Challenge Rapaport

November 7, 2017, New York… The Rapaport Group is offering a first prize of $5,000 for the best diamond video promoting the Peace Diamond® and the brand concept “Diamonds That Make the World a Better Place” ®. The video must be under 2.5 minutes and focus on the role that diamonds can play in improving the lives of artisanal diggers. The deadline for video submissions is Nov. 20; votes will be accepted until Nov. 23 on the Peace Diamond Facebook Page, with the winner being the video that receives the most likes.

The big idea is to show the benefits that artisanal diamonds can bring to the world if they are sold through legitimate channels, with taxes paid and infrastructure improvements provided by the government. The 709-carat Sierra Leone Peace Diamond was discovered by impoverished diggers from the village of Koryardu. This village and the surrounding area have no clean water, electricity, schools, health facilities, roads or bridges. For the first time, millions of dollars from the sale of the Peace Diamond will go toward providing vital infrastructure and improving the lives of some of the poorest people in the world.

Participants in the Peace Diamond Video Challenge may register online at, where additional information, terms and conditions, and media material — including videos, images, articles, stories, and information on how to make a submission — can be found. All the information on the website is available for download and use by the video creators. Participants are urged to view the five-minute Rapaport Peace Diamond Story Video on the website to get an understanding of the Peace Diamond Video opportunity:

“The winning video should create emotional value for Peace Diamonds that make the world a better place by helping artisanal diggers and the country from where the diamonds originate. We must fairly compensate the sources of artisanal diamonds to ensure that they are sold through legitimate channels. There is a reason G-d gave these diamonds to the poorest people in the world and made the richest desire them,” said Martin Rapaport, Chairman of the Rapaport Group.

Rapaport Media Contacts:
US: Sherri Hendricks +1-702-893-9400
International: Gabriella Laster +1-718-521-4976
Mumbai: Karishma Nagpal +91-98206-60574

About the Rapaport Group: The Rapaport Group is an international network of companies providing added-value services that support the development of ethical, transparent, competitive and efficient diamond and jewelry markets. Established in 1976, the Group has more than 20,000 clients in over 121 countries. Group activities include Rapaport Information Services, providing the Rapaport benchmark Price List for diamonds, as well as research, analysis and news; RapNet – the world’s largest diamond trading network, with over 15,000 members in 95 countries and daily listings of over 1.4 million carats valued at approximately $8 billion; Rapaport Laboratory Services, providing GIA and Rapaport gemological services in India, Israel and Belgium; and Rapaport Trading and Auction Services, the world’s largest recycler of diamonds, selling over 500,000 carats of diamonds a year. Additional information is available at


De Beers to Shut Victor Mine in 2019

Victor Mine


De Beers Group today announced that its Victor mine in northern Ontario, Canada, will complete mining and production activities in the first quarter of 2019, once the current open pit is depleted and in line with the original feasibility study and current mine plan.

Production at Victor mine commenced in July 2008. The mine was forecast to produce six million carats during its mine life and has already exceeded these projections, producing approximately seven million carats to date, and it will continue to operate at full production throughout its remaining life.

The Victor mine team has been recognised for its exemplary performance throughout the life of the operation, with the mine being named International Mine of the Year in 2009 and twice receiving the John T. Ryan National Award for the safest mine in Canada, in 2015 and 2016.

De Beers developed a detailed mine closure plan before Victor mine opened and progressive reclamation work has already been taking place at the mine for several years. To date, this has included the planting of more than 200,000 tree saplings and willow stakes that were harvested and grown locally through a community youth work programme.

Once the mine pit has been depleted in 2019, the demolition and environmental monitoring phase is expected to take three to five years. De Beers is working closely with community partners to create opportunities for employment and awarding contracts that will be required during this phase.

Kim Truter, Chief Executive, De Beers Canada, said: “Victor mine has made a significant contribution to De Beers and to Canada, and the Victor mine team has consistently delivered the highest standards of performance and safety. While we are focused on continuing to maintain production for the duration of operations, we are also planning responsibly for Victor mine’s closure in line with the agreed mine plan and our commitment to leaving a positive legacy.”

De Beers has been operating in Canada since it carried out its first exploration programme in 1961. The Victor kimberlite cluster discovery in 1987 by De Beers Exploration was the first economic diamond discovery in Canada. In 2016, De Beers with its joint venture partner, Mountain Province Diamonds, opened the Gahcho Kué diamond mine in Canada’s Northwest Territories, the largest new diamond mine to open in more than a decade.


Victor Mine is a remote fly-in – fly-out mine located in the James Bay Lowlands of Northern Ontario, approximately 90km west of the coastal community of Attawapiskat First Nation. Victor Mine is an open pit mine and Ontario’s first diamond mine.


Location: 52° 49’ 15” latitude, 83° 53’ 00” longitude, approximately 90 kilometres west of the First Nation community of Attawapiskat in northeastern Ontario

Mine Area: Victor kimberlite has a surface area of 15 hectares


Victor Mine is located in the James Bay Lowlands of northern Ontario, approximately 90 km west of the coastal community of Attawapiskat First Nation. It is Ontario’s first diamond mine and the second in Canada for De Beers.

The Victor Mine is an open-pit mine and is one of 18 kimberlite pipes discovered on the property, 16 of which are diamondiferous.

Construction of the Victor Mine began in February 2006 after receiving all necessary approvals from provincial and federal governments.

Approximately $1 billion was spent on construction of the mine, with approximately C$167 million spent with Aboriginal businesses or joint venture partners. It is also estimated that De Beers will contribute C$6.7 billion cumulative GDP impact for all of Ontario during the life of the Victor Mine.

The Victor Mine reached commercial production in 2008 (six months ahead of schedule) and the Official Mine Opening took place in July 2008. The mine will complete mining and processing activities in Q1 2019, then move into the formal closure phase.

In October 2009, the Victor Mine was voted “Mine of the Year” by the readers of the international trade publication Mining Magazine.

De Beers is committed to sustainable development in local communities. The Victor Mine has signed four community agreements for the Victor Mine including:

  • an Impact Benefit Agreement (IBA) with the Attawapiskat First Nation (November 2005),
  • a Working Relationship Agreement with the Taykwa Tagamou Nation (May 2005),
  • an Impact Benefit Agreement (IBA) with Moose Cree First Nation (September 2007) and
  • an Impact Benefit Agreement (IBA) with Kashechewan and Fort Albany First Nation (February 2009)

Sierra Leone to sell 709-carat diamond in Rapaport NY auction

Sierra Leone

Sierra Leone said on Tuesday it plans to auction off a massive 709-carat Peace Diamond at Rapaport December sale in New York, aiming to make a clean break with the “blood diamonds” of its past.

The stone, which was unearthed in March, is the largest discovered in Sierra Leone in almost a half-century and is between the 10th and 15th largest ever found worldwide, experts say.

Sierra Leone authorities told reporters that the massive gem will go up for sale on December 4 at Rapaport Auctions, which specialises in the diamond trade.

The government has pledged to be transparent in the stone’s sale, mindful of the history of cross-border diamond trafficking that fuelled Sierra Leone’s civil war from 1991-2002.

Such “blood diamonds” were often found by enslaved members of the population, who were killed or maimed by rebel groups if they refused to dig.

The 709-carat behemoth was discovered by Emmanuel Momoh, an Evangelical pastor who is also one of hundreds of so-called artisanal miners in Kono, Sierra Leone’s key mining district.

Momoh said he hoped the sale would “improve the lives of the people by providing water, electricity, schools, health facilities, roads and bridges” in the Kono region.

The state expects to collect 15 percent of the sale’s proceeds and a 30% income tax.

Sierra Leone had initially looked to sell the diamond at home but the best offer the country received was $7.7 million in April, which the government deemed insufficient.

It then decided to sell abroad. The rough stone was shown in Israel on Monday and Tuesday and will be on display in the Belgian city of Antwerp – one of the world capitals for diamond trading – from October 30 to November 10.

The diamond – known under its official name as the “diamond of peace” – will then be shown at the United Nations in New York, authorities said.

“We are grateful to the pastor for transferring the diamond to the government rather than smuggling it abroad,” presidency spokesman Abdulai Bayratay said.

Conflicts and controversy surrounding “blood diamonds” led the international community to enact a process known as “Kimberley” in 2003, which certifies diamonds as “conflict-free”.

CAR Diamonds, New Price List

CAR Diamonds

New Price List for CAR Diamonds To Reflect Market, Remedy Undervalued Exports

The Bureau d’Évaluation et de Contrôle de Diamant et d’Or (BECDOR) in the Central African Republic, which oversees the country’s production and trade of diamond and gold, maintains a database and assesses the value of diamond parcels that are to be exported from the country, has just set up a new price list – defining mineral prices between government and traders.

The new price list for these mineral resources is designed to enable the State to have enough financial resources to meet its obligations, reports APA News (Agence de Presse Africaine).

This price list was set up thanks to USAID, a US development organization, together with experts and other stakeholders of the mining industry in CAR that gathered this Saturday in Bangui.

The country is rich in mineral resources, but is exploiting its diamond and gold in a traditional or artisanal way; CAR lacks a state structure capable of ensuring the smooth running of commercial activities relative to these minerals.

The experts declared the price list serving as the basis for taxation of these mineral resources outdated because of the increase in the price of diamond and gold on the world market. As a result, the State’s export taxes do not reflect the real prices of diamonds or gold, leading a shortfall in needed revenue for the State.

As a result of this situation, fraud is in full swing in the mining sector, APA states, since the price of mineral resources at present does not correspond to market reality – so dealers and exporters are able to under-declare the value of their goods.

The introduction of a new price list is designed to contribute to the reorganization of the mining sector in order to attract more investors and avoid fraudulent exports.

Given the conflict the country is going through, the Kimberley Process has forbidden the CAR to export diamonds from the north. Only those from the western regions are allowed to be sold. These KP measures are justified by the fact that diamonds in eastern CAR, under the control of armed movements, are suspected of fueling the war in the CAR.

Original Article:


RCA : l’Etat réorganise l’exportation du diamant

APA-Bangui (Centrafrique) –

Le bureau d’évaluation et de contrôle de diamants et or (BECDOR), organisme chargé de l’exportation des minéraux en Centrafrique, vient de mettre en place une nouvelle mercuriale (liste des prix) de ces ressources minérales afin de permettre à l’Etat d’avoir des ressources financières importantes pour faire face à ses obligations.

Cette mercuriale a été mise en place grâce à l’USAID, une organisation américaine de développement qui a réuni ce samedi à Bangui, les experts et autres intervenants du secteur minier en RCA.

Pays riche en ressources minérales mais qui exploite son diamant et son or de manière artisanale, la RCA manque d’une structure étatique capable de veiller sur la bonne marche des activités commerciales relatives à ces minéraux.

La mercuriale qui servait de taxation de ces ressources minérales a été déclarée dépassée par les experts à cause de l’augmentation du prix du diamant et or sur le marché mondial.

Ainsi les taxes à l’exportation pratiquée par l’Etat ne reflètent pas les réalités du prix du diamant ou or en hausse. Cette situation constituait un manque à gagner pour l’Etat.

Conséquence de cette situation, la fraude bat son plein dans le secteur minier puisque le prix pratiqué sur les ressources minérales empruntant la voie normale ne répond pas à la réalité dans le monde et les producteurs véreux se multiplient.

La mise en place d’une nouvelle mercuriale contribue à la réorganisation du secteur minier en vue d’attirer plus d’investisseurs et d’éviter les exportations frauduleuses.

En effet avec le conflit que le pays traverse le processus de Kimberley a interdit à la RCA d’exporter les pierres précieuses de sa partie septentrionale. Seules celles des régions occidentales sont autorisées à la vente.

Ces mesures du processus de Kimberley se justifient par le fait que les diamants de l’est de la RCA, sous contrôle des mouvements armés, sont soupçonnés d’alimenter la guerre en RCA. En d’autres termes des diamants de sang.

Petra Diamonds hit by strike, shares extend losses

Petra Diamonds

(Reuters) – Petra Diamonds (PDL.L) shares fell 4 percent on Tuesday after the miner said it had experienced labour disruption overnight at its Finsch mine and Kimberley Ekapa Mining JV operations in South Africa.

Members of South Africa’s National Union of Mineworkers (NUM) are on strike over pay, regional secretary Cornelius Manhe said, after more than 600 members downed tools on Monday.

The London-listed miner had warned on Monday that there could be labour unrest as it finalises a new wage agreement for its operations in South Africa, sending its shares down 7 percent on the day.

It also said on Monday that it had resumed operations at its Williamson mine in Tanzania after a four-day stoppage, adding that its full-year production target remains unchanged.

Petra Diamonds had halted operations at the mine last week after the Tanzanian government seized a consignment of diamonds and questioned Petra personnel as part of a crackdown on the mining sector.

On Monday, Petra said it was unsure whether it would be able to export diamonds from its Williamson mine in Tanzania after authorities seized a parcel of 71,654 carats of rough diamonds destined for Antwerp. The country has not released the stones, but Petra was able to recommence mining at Williamson following a four-day stoppage.

The rough producer’s share price fell 5% in early trading Tuesday.

This announcement contains inside information


19 September 2017




Petra Diamonds Limited

(“Petra” or the “Company” or the “Group”)


Labour Disruptions in South Africa



Further to the release of the Company’s preliminary results yesterday in which it noted that labour relations volatility could be experienced prior to the finalisation of its new wage agreement for its operations in South Africa, Petra confirms that since last night it is experiencing labour disruption at its Finsch mine and there is also disruption underway at its Kimberley Ekapa Mining JV operations.


The Company is currently assessing the impact on both operations. Although underground and surface mining have been affected, plant treatment is continuing at near normal capacity at both operations treating surface material and available stockpiles.


Normal operations are continuing at Cullinan and Koffiefontein.


The Company is in ongoing discussions with the National Union of Mineworkers in order to resolve the situation and is closely managing the situation to ensure the least possible impact on Group production. Petra will update the market as the situation unfolds.



~ Ends ~



For further information, please contact:


Petra Diamonds, London                                         Telephone: +44 20 7494 8203

Cathy Malins                                                      


Buchanan                                                                  Telephone: +44 20 7466 5000

(PR Adviser)

Bobby Morse                                                     

Anna Michniewicz                                             



About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and an increasingly important supplier of rough diamonds to the international market. The Company has interests in five producing operations: three underground mines in South Africa (Finsch, Cullinan and Koffiefontein), the Kimberley Ekapa Mining joint venture (including the Kimberley Underground mine and extensive tailings retreatment operations) and one open pit mine in Tanzania (Williamson).  It also maintains an exploration programme in Botswana and South Africa.


Petra has a core objective to steadily increase annual production to 5.0 – 5.3 million from FY 2019 onwards. The Group has a significant resource base in excess of 300 million carats.


Petra conducts all operations according to the highest ethical standards and will only operate in countries which are members of the Kimberley Process. Petra is quoted with a premium listing on the Main Market of the London Stock Exchange under the ticker ‘PDL’ and is a constituent of the FTSE4Good Index. For more information,



This information is provided by RNS
The company news service from the London Stock Exchange

Scholarships for 2018

GIA Scholarships

Scholarship Applications accepted August 1 to September 30

CARLSBAD, Calif. – July 31, 2017 – GIA will begin accepting scholarship applications Aug. 1 for its 2018 Gemology and Jewelry Manufacturing Arts programs, courses and lab classes. GIA scholarships, which total over $2 million for 2018, align with the Institute’s goals of providing quality education in gemology and jewelry to the trade and aspiring professionals. Applications for the current scholarship cycle will be accepted through Sept. 30 and are available at

Since 2010, GIA has awarded more than $8 million in scholarships to more than 1,500 students globally. Funded by the GIA endowment fund and several private donors, the scholarships supplement GIA’s wider scope of offerings. Beginning with the 2018 application cycle, applicants can apply for scholarships every calendar year. GIA offers on-campus and distance education (eLearning and lab classes) scholarships.

Scholarships are available for distance education eLearning courses and for classes at the Institute’s campuses in Bangkok, Carlsbad, Hong Kong, London, Mumbai, New York and Taiwan; and at the GIA branch in Dubai. For more information, call +1(760) 603-4131 or contact us.

About GIA
An independent nonprofit organization, GIA (Gemological Institute of America), established in 1931, is recognized as the world’s foremost authority in gemology. GIA invented the famous 4Cs of Color, Clarity, Cut and Carat Weight in the early 1950s and in 1953, created the International Diamond Grading System™ which, today, is recognized by virtually every professional jeweler in the world.

Through research, education, gemological laboratory services, and instrument development, the Institute is dedicated to ensuring the public trust in gems and jewelry by upholding the highest standards of integrity, academics, science, and professionalism.