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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

Bourevestnik Inc. launches new production facility

13 february 2018
The scientific and industrial enterprise Bourevestnik Inc., a subsidiary of ALROSA Group, has completed the construction of its own production facility for diamond ore processing equipment at the St. Petersburg's Special Economic Zone, Kommersant reports.
The cost of the facility amounted to 1.9 billion rubles, its commissioning is scheduled for April 2018. Meanwhile, construction of the site was completed late.
The existing capacities of Bourevestnik will be transferred to the new production facility from Malookhtinsky Prospekt in St. Petersburg. According to the company, it plans to sell equipment worth 1.3 billion rubles in 2018. The maximum capacity of the new plant in the SEZ in monetary terms is 2.8 billion rubles a year, to be reached by 2022, press service of ALROSA told Kommersant. Analysts say that Bourevestnik will not experience any problems with the sale of its products given that it is a subsidiary of the world leader in diamond mining.
Bourevestnik to both ALROSA and other major diamond producers. At the end of January, it was reported that it supplied and commissioned a set of 27 X-ray luminescence sorters at the new recovery plant of the Cullinan mine in South Africa owned by Petra Diamonds. Analytical instruments produced by Bourevestnik are exported to the UAE, Indonesia and Singapore.

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