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It's our responsibility to capture the imagination of future generations towards diamonds

As CEO of Beverly Hills-based Grand Metropolitan - a privately-held luxury goods holding company with a 130-brand portfolio - Vin Lee carries the burden rather lightly on his shoulders. Having migrated from Canada as a baby, it did not take long for...

11 december 2017

‘Non-diamond producing countries shouldn’t lead KP’

Non-diamond producing countries should not lead the Kimberley Process (KP) as was the case last year with the United Arab Emirates (UAE), according to the African Diamond Council and African Diamond Producers Association chairperson...

04 december 2017

Jewellers’ Guild of Russia sees its mission in creating highly developed national jewellery market

In recent years, the Jewellers’ Guild of Russia has noticeably stepped up its activities. Eduard Utkin, General Manager of this Association told Rough & Polished about what is happening in the country’s jewellery sector, the tasks facing the community...

27 november 2017

Any color diamond is a great investment

Bruno Scarselli belongs to the 3rd generation of the Scarselli family, which has for the last half-century been producing and selling some of the world’s highest quality yellow, blue and pink diamonds available on the market. Bruno heads the company...

20 november 2017

It’s crucial everybody feels confident that their suppliers use the System of Warranties - Stephane Fischler

The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association...

13 november 2017

Diamcor FY17 revenue tops $6 million as SA project progresses

11 august 2017
Diamcor Mining, which is currently developing its Krone-Endora at Venetia project in South Africa, said it sold 32 627.97 ct of rough diamonds in the financial year ended March 31 for $5.93-million or $136.89 per carat.
The company earned $4.47-million in revenue, a year earlier from the sale of 24 068.01 carats at an average price of $139.74/ct.
“The average price per carat was in line with company expectations, given that the material being processed as part of the ongoing development exercises was largely limited to lower-grade material in the 1 mm to 15 mm size fractions,” it said.
Diamcor said it was focused on the advancement of its diamond project during the period under review.
However, delays in the delivery and installation of certain portions of the expansion efforts strained the company's efforts to advance the project as desired.
“Current efforts at the project are now focused on increasing processing tonnages of material in all size fractions through these new facilities, and to achieve sustained run-times and increased tonnage levels over a period sufficient to allow the company to arrive at initial production decisions for the project as soon as practicable,” said Diamcor.
It said that its operating expenses leaped to $4.79-million during the period under review due to increased operating levels associated with the continued advancement of the project.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished

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