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Lucapa to become a niche diamond company, says Wetherall

Lucapa Diamond believes that it will become the only company in the world with multiple diamond mining operations whose average diamond value is in excess of $1,000 per carat, once the Mothae mine is commissioned this year. Company chief executive and...

Today

Zimnisky: Diamonds lack fungibility to be a major investment product

Physical diamonds will never be a viable widespread investment product simply because they inherently lack fungibility, meaning they are all unique, according to Paul Zimnisky, an independent diamond industry analyst and consultant, who is based in New...

12 february 2018

Julien-Vincent Brunie: "Being surrounded by beauty and art is a privilege!"

This last December, shortly before Christmas, the Auction House of Christie's arranged a private display of jewelry in Moscow. The correspondent of Rough & Polished, who had an opportunity to visit this event, was able to admire a luxurious collection...

05 february 2018

Ali Pastorini: We would like meeting Mujeres Brillantes 2018 to be held in Russia

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 500 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

29 january 2018

Diamond Exchanges promote healthy development of the diamond industry, besides safe and basic infrastructures for diamond trade

Prior to joining the Guangzhou Diamond Exchange, Liang Weizhang served as a civil servant of Guangdong Entry-Exit Inspection & Quarantine Bureau as the director of the Kimberley Process Office. He participated in the KP Review missions to South Africa...

22 january 2018

Hydrogeological situation at Mir diamond mine put under stricter monitoring

17 august 2017
Currently, the main task is to ensure the safety of miners and rescuers on the mine’s level of -210 meters, where search works are carried on. To this end, ALROSA specialists monitor the water level in the quarry and in the underground mine every two hours based on the work plan. The monitoring is carried out by Rietl vz-4000 laser scanner and a Leica ts-06 total station. The obtained measurements permit to create a 3D model of water accumulated on the bottom and estimate its volume. These parameters are laid in the schedule of filling the mine with water and make it possible to calculate the degree of danger for the rescue operation. In addition, the pumps installed for dewatering are equipped with ultrasonic flowmeters. The readings of these devices are taken into account when assessing the risk of search and rescue operations.
During the past day, eight 51 men strong paramilitary units of Russia’s EMERCOM were sent to the mine to continue search and rescue works. Cargos were thrown off from helicopters into the quarry above the underground mine, which helped to drain some part of water (more than 2000 m3) from its pit. In total, 77 meters of underground workings were cleared from 1 685 m3 of rock mass.

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