Johannesburg: Isilimela Technologies (Pty) Limited announced today that it had received a license from the South Africa Diamond and Precious Metal Regulator (SADPMR) to buy rough diamonds and cut and polish diamonds in its factory in Johannesburg. South Africa is the fourth largest producer of rough diamonds, with low-cost reserves sufficient to support long-term continuation of that role, and has recently designated local beneficiation of diamonds as a strategic economic priority.  

"We are delighted to get the licence because our medium to long term goal is to pursue interest in the polished diamond market with the development of the cutting and polishing business to beneficiate both low and high-end quality diamonds,” said Nhlanhla Nyide, Managing Director of Isilimela Technologies. “Our vision is to create value through integration of sourcing of rough diamonds, manufacturing of polished diamonds, design, manufacturing of diamond jewellery and retail selling of premier jewellery.”