SourcingMay 02, 2022
Petra Looking to Sell One of Its Mines in South Africa SourcingMay 09, 2022
First Diamonds from Sierra Leone’s Tongo Mine Coming to Market
Australian company Newfield Resources is developing the mine and will sell its production through Bonas Group in Antwerp.
An entrance to the Tongo Diamond Mine in eastern Sierra Leone. Bonas Group will hold a tender sale of the first rough diamonds from the mine later this month.
Antwerp—The first sale of rough diamonds from Tongo, a new diamond mine in Sierra Leone, will take place later this month at the Bonas Group offices in Antwerp.
Newfield Resources Ltd., the company developing the mine, announced in late April it had inked an exclusive diamond sales and marketing agreement with Bonas for the mine’s production.
Via its partnership with Bonas, Tongo goods will be tracked from mine to market using Sarine Technologies’ traceability program, Newfield said.
The mine, which has been in the works for more than decade, is “well known for its high-quality material,” Bonas said.
Tender viewings of the Tongo material will take place on the first floor of the Bonas Group offices in Antwerp between May 16 and 20.
The sale is scheduled to close May 20 at 1 p.m. CET/7 a.m. EDT and will be an online, highest bid tender on Newfieldbids.com.
Bookings for the tender are invitation-only, but requests can be submitted to Bonas Antwerp. Interested clients are requested to call the office at +32 (0) 3233 7080.
Related stories will be right here …
Newfield Resources Ltd., the company developing the mine, announced in late April it had inked an exclusive diamond sales and marketing agreement with Bonas for the mine’s production.
Via its partnership with Bonas, Tongo goods will be tracked from mine to market using Sarine Technologies’ traceability program, Newfield said.
The mine, which has been in the works for more than decade, is “well known for its high-quality material,” Bonas said.
Tender viewings of the Tongo material will take place on the first floor of the Bonas Group offices in Antwerp between May 16 and 20.
The sale is scheduled to close May 20 at 1 p.m. CET/7 a.m. EDT and will be an online, highest bid tender on Newfieldbids.com.
Bookings for the tender are invitation-only, but requests can be submitted to Bonas Antwerp. Interested clients are requested to call the office at +32 (0) 3233 7080.
Based in Australia, Newfield has been developing the Tongo Diamond Project since 2018, when it acquired the site from Stellar Diamonds.
The project comprises two adjacent mining licenses covering a combined area of 134 square kilometers (about 52 square miles) in eastern Sierra Leone with five primary kimberlite pipes.
The first two pipes Newfield will mine have been dubbed Kundu and Lando.
Newfield said processing from the underground and surface at Kundu continues to yield “encouraging results,” with a high proportion of what’s recovered turning out to be gem-quality diamonds.
It is believed Tongo will produce 8.3 million carats of diamonds over the span of its life, including an indicated and inferred resource of 3.03 million carats at Lando and 2.76 million carats at Kundu.
Newfield employed 200 people at the mine as of March 31, including graduate trainees, contractors, and interns. Of the 200, 166 (83 percent) are local Sierra Leonians and 128 (64 percent) have permanent employment contracts, it said.
Twelve percent (about 20 people) of the local employees are women. Newfield said it intends to increase the number of women working at the mine, in line with its diversity policy.
In addition to Tongo in Sierra Leone, Newfield is conducting diamond exploration in neighboring Liberia via two licenses covering 670 square kilometers (about 259 square miles), known collectively as the Kumgbo Kimberlite Project.
Editors' Picks
Sponsored by
More on Sourcing
The Latest
Supplier BulletinMay 26, 2022
Extraordinary Italian Jewelry at JCK and COUTURESponsored by Italian Trade Agency
AuctionsMay 26, 2022
Bonhams New York Jewels Auction Is a White Glove SaleJewelry and objects belonging to Bette Midler, heiress Hélène Irwin Crocker Fagan, and Lady Sylvia Ashley were among the highlights.
FinancialsMay 26, 2022
Movado Posts Record Q1 Sales Despite ‘Challenging’ US MarketThe company opted not to raise its fiscal guidance, citing a slowdown in the U.S. market as a key reason.
Brought to you by
Dive into GIA’s Pearl ExpertiseWhen it comes to knowing the identity and quality of your pearls, count on GIA as your independent pearl experts.
TechnologyMay 26, 2022
State of Retail: The Pros and Cons of 4 Jewelry-Selling PlatformsFrom “old-school” eBay to new kid on the block 1stDibs, we asked jewelers about their experiences selling jewelry in non-traditional places.
Weekly QuizMay 26, 2022
This Week’s QuizTest your knowledge of the latest jewelry news with this quick test.
Policies & IssuesMay 26, 2022
Barbara Wheat Named Executive Director of Ethical Metalsmiths She has nearly 30 years’ experience in the gem and jewelry industry and a background in nonprofit management.
EditorsMay 25, 2022
7 Standout Tiaras in Sotheby’s Platinum Jubilee ExhibitionSenior Editor Brecken Branstrator chooses the pieces she’d most want to see in person.
Brought to you by
A.I. Grading is Changing Conversations at the Retail CounterAdvanced technology levels the playing field, helping jewelers give customers what they want.
MajorsMay 25, 2022
Anne Hathaway Is Bulgari’s Newest AmbassadorThe actress joins Zendaya and others in a new advertising campaign.
IndependentsMay 25, 2022
The Mexican Shack to Close After 47 YearsOwner Steve Delzio shares his thoughts on retirement after nearly five decades in the jewelry industry.
IndependentsMay 25, 2022
Designer Theo Fennell Has Written a Memoir “I Fear for This Boy” takes readers through the ups and downs of his business and is available for pre-order now.
IndependentsMay 25, 2022
MVEye, Wedding Report Partner on New Jewelry Research Platform“Today’s Wedding Jewelry Consumer” shares data about engagement ring market size, lab-grown and natural diamonds, and more.
ColumnistsMay 24, 2022
The PR Adviser: 10 Questions to Contemplate Columnist Lilian Raji wants to walk you through the customer journey. But first, she’d like you to answer a few questions.
Events & AwardsMay 24, 2022
8 Gold Jewelry Designers Unveil New Platinum DesignsSeveral Couture brands have partnered with Platinum Guild International ahead of the jewelry trade show.
Lab-GrownMay 24, 2022
Kendra Scott Unveils Lab-Grown Engagement Ring CollectionThe jewelry company is moving into bridal just a month after branching out into the watch world.
Events & AwardsMay 24, 2022
WJA to Host Diversity Keynote at New Las Vegas Breakfast Event The Generating Community Impact fundraiser on June 11 will feature Karine Bah Tahé of Blue Level Training.
WatchesMay 23, 2022
Steven Kaiser, Watch Industry Veteran and Beloved Mentor, Dies at 68 Kaiser, whose illustrious career spanned decades, died suddenly on Friday.
IndependentsMay 23, 2022
Long’s Jewelers to Open New LocationThe family-owned jeweler is relocating its Braintree, Massachusetts, store to a new space.
IndependentsMay 23, 2022
Luxury Goods Veteran Olivier Stip Joins Chicago Jeweler CD Peacock He will step into the retailer’s newly created role of chief development officer.
GradingMay 23, 2022
Gem-A Launches Digital Entry-Level Gemology CourseGemIntro is meant to give a broad introduction to gems and gemology.
Recorded WebinarsMay 20, 2022
Watch: Responsible Sourcing and the Gold Supply Chain Three industry experts discuss “recycled” gold vs. mined, their challenges and benefits, and how jewelers can navigate the area.
FinancialsMay 20, 2022
Richemont’s 2022 Jewelry Sales in the Americas Nearly DoubleCartier, Van Cleef & Arpels, and Buccellati put on stellar performances.
AuctionsMay 20, 2022
Piece of the Week: ‘Birds in Flight’ by Oscar Heyman The New York jeweler made this incredible, colorful Art Deco bracelet featuring tropical birds in 1927.
SurveysMay 19, 2022
5 Predictions for Jewelry Retail in the Second Half of 2022From a slowdown in sales growth to rising costs, Fruchtman Marketing outlines its expectations for the second half of the year.
MajorsMay 19, 2022
As It Nears 75, Here’s How Grandview Klein Stays CompetitiveOnce a part of Julius Klein Group, the diamond company combines its direct supply and cutting expertise with a keen eye to the future.
SourcingMay 19, 2022
De Beers’ Rough Sales Up 21% So Far This Year One analyst cited rising diamond prices and the sanctions on Alrosa as contributing factors.
CollectionsMay 19, 2022
Brilliant Earth Collaborates with Jade TrauThe two have partnered on a capsule collection.
