Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

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

Mountain Province Diamonds announced 4Q and FY 2018 production and sale results  

17 january 2019

mountainprovince_logo.pngMountain Province Diamonds Inc. announced production and sales results for the fourth quarter ended December 31, 2018 and full year 2018  from the Gahcho Kué Diamond Mine ("GK Mine"). The GK Mine ended 2018 with record diamond production of 6.94 million carats at an average grade of 2.17 carats per tonne, 17% higher than the previous year. 11.4 million total tonnes were mined during Q4 2018 bringing the full year 2018 figures to over 41.4 million tonnes or 25% higher than in 2017.
In Q4 2018, the Company sold 822,548 carats at an average value of $USD 65 per carat ($CAD 86 per carat) for total proceeds of $USD 53.6 million ($CAD 70.5 million). For the full year 2018, the Company sold 3,252,491 carats at an average value of $USD 74 per carat ($CAD 96 per carat) for total proceeds of $USD 240 million ($CAD 311 million).
Stuart Brown, the Company's President and Chief Executive Officer, commented: "From a production perspective 2018 was a good year for Mountain Province Diamonds where we achieved our expected tonnes mined and recovered a record amount of carats. Operationally, the mine has settled down and our expectation is that it will continue to perform at these levels in the future."
Reid Mackie, the Company's Vice President of Diamond Marketing, commented: "We had a strong start to 2018 with price increases in most rough diamond categories. Low quality and smaller sized rough diamonds did experience price pressure during H2 2018, but our sales process attracted sufficient demand to achieve the selling of all our production for the year.  We expect to see more interest in the first quarter rough sales where the market is traditionally stronger."

Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished, Brussels