Indian gem and jewellery manufacturers have the skill and capabilities to cater to any market in the world

Besides spearheading the “White Paper” last year, Colin Shah, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) has been actively involved in the initiatives of the Council like MyKYCBank and many more… A first generation...

11 february 2019

The Indian gems and jewellery industry was progressing in the past and will certainly progress in the future

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India, is also the representative of the Gujarat G&J sector at various organisations as well as government authorities...

04 february 2019

The Russian Diamond Line: We do not believe that gifted persons would win through on their own

The Russian Diamond Line, a Moscow international jewellery contest of jewellery design, has been held for a decade already. At the end of the year, the results of the jubilee RDL-2018 contest were summed up, and on December 14, the prizewinners of the...

28 january 2019

New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing...

21 january 2019

The majority of women don’t care whether their diamonds are mined or lab grown - Alex Popov, CEO of Âme

Alex Popov, President of the Moscow Diamond Bourse and former Chairman of the World Diamond Mark Foundation (WDMF) launched a new jewelry brand under the name of Âme focused on design and using lab grown diamonds to produce jewelry meant to meet...

14 january 2019

BlueRock Diamonds downgrades output guidance amid plant reliability problems

11 october 2018
BlueRock Diamonds has further downgraded its annual production guidance to 200,000 tonnes from 220,000 due to problems with the reliability of the plant at its Kareevlei mine in South Africa.
Its production volume was 63,621 tonnes in the three months ended September 30 despite issues with the crushing circuit.

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Image credit: BlueRock Diamonds


Production for the year was 133,050 tonnes compared to 103,506, a year earlier.
It said its average grade was flat at 3.1 carats per hundred tonnes (cpht), while the value per carat averaged $341 in the quarter from the previous quarter’s $362.
“Our increased production in the quarter and in 2018 is encouraging however we are not yet where we would like to be,” said BlueRock chief executive Adam Waugh.
“Operations are moving into an exciting phase and the knowledge built up at Kareevlei will be important in making the correct decisions for the future.”

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