Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 2018

Debate on the main issues affecting the diamond business is absolutely critical - Ernie Blom

Having taken part in the fruitful discussions with the world leaders at the Asian Summit held recently in Vladivostok, Ernie Blom, President, World Federation of Diamond Bourses (WFDB) now looks forward to taking the worthy inputs received at...

10 september 2018

Reflecting the nature of the industry, US jewellery market is significantly seasonal with great ‘ebb and flow’ in demand, opines Vin Lee

Vin Lee, CEO of Beverly Hills-based Grand Metropolitan, a privately-held luxury goods holding company had migrated from Canada as a child. And one can see that it did not take him long to ascend the US luxury world, establishing himself as a formidable...

27 august 2018

Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

20 august 2018

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 2018

BlueRock H1 output up 81 pct y-o-y

09 july 2018

BlueRock Diamonds produced 2,438 carats in the first half of the year at its Kareevlei diamond mine, in South Africa compared with 543 carats, a year earlier.
Company chief executive Adam Waugh said 34,247 tonnes were processed during the second quarter with year-on-year H1 2018 production up 81 percent to 73,028 tonnes from last year’s 40,343 tonnes.
"Thanks to our experienced team on the ground, we have had a successful quarter, continuing to produce exceptional quality diamonds from our Kareevlei project, despite five weeks of downtime due to bad weather and a fault in our crushing circuit,” he said.
Meanwhile, BlueRock sold 875.31 carats in the second quarter, compared with 1,563 carats in the first quarter, at average revenue of $305.34 per carat.
Mining commenced at the company's second kimberlite pipe, KV1 in June 2018.
The pipe has an inferred grade of 6.3cpht and was anticipated to provide material contribution this year.

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