De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...


Colorless diamonds as an investment class are evolving beyond their traditional ability to preserve, relocate and pass on wealth

Antonio Cecere, the Founder & VP of Monaco Diamond Exchange dons many caps simultaneously. Currently, he is the President of Geneva Diamond Exchange, the President of Diamond Investment Club and the Principal of the Cecere Group. Antonio’s ability to...

15 april 2019

Jewellery with diamonds, even with small ones, sells better than without diamonds

The Yakut jewellery firm Kierge was set up 25 years ago on the basis of the jewellery workshop PKF Yakutrembyttekhnika which, in its turn, was founded way back in the 1970s. Over this period, Kierge turned into a well-established company successfully...

08 april 2019

Lucapa’s Wetherall on the past, present and the future

Lucapa Diamond chief executive Stephen Wetherall recently attended a mining conference, in Cape Town South Africa, where he met Rough & Polished’s Mathew Nyaungwa and granted him an exclusive interview. They discussed Angola’s first international diamond...

01 april 2019

India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...

25 march 2019

Diamcor Mining pockets $727k from latest rough diamonds sale

14 september 2018
Diamcor Mining said it sold 2,606.50 carats of rough diamonds from its Venetia project in South Africa for $726,588 or an average price of $278.76 per carat.
The diamonds were recovered as part of the company’s processing exercises performed following the recent screening modifications at its project.
The rough diamonds sold included a high quality 18.44 carat gem octahedron, and two gem quality diamonds weighing 18.57 and 14.70 carats respectively.
These special diamonds were sold for $195,810, or $3786.70 per carat.
"We are very pleased with the results of this tender, and while the recoveries in the special category point to the project's potential, the average dollar per carat achieved before and after the inclusion of specials, is also very encouraging," said Diamcor chief executive Dean Taylor. "Our current efforts at the project are focused on increasing processing volumes and enhancing operating efficiency and consistency."

Mathew Nyaungwa, Rough&Polished