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

BlueRock raises £575k to progress development of SA diamond mine

12 february 2019

bluerockdiamonds_logo.pngBlueRock Diamonds, which owns and operates the Kareevlei mine in South Africa, has raised £575,000 in a placing of shares at 0.3p each.
The funds raised would be used to continue to progress the development of Kareevlei, it said.
BlueRock said the recent recovery of large, high quality gem diamonds had encouraged the company to look at ways to fast track its production targets. 
It unearthed a 16.28 carat diamond of gem quality last week and an exceptional 8.97 carat diamond at beginning of this month.
“Further investment in the crushing circuit will be necessary to achieve this and discussions with industry partners are taking place to address this,” it said.
BlueRock raised £711,000 in November 2018 to further the development of KV1 and KV2 and also to fund minor improvements to the company's operating plant which took place during the Christmas shut down period.
The main development to KV2 would take place in the second half of the year and there had been 340,000 tonnes of waste stripping taken place in KV1 preparing the pipe for efficient long term mining.

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