“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

De Beers scaling up Tracr ahead of formal launch

De Beers tracked 100 high-value diamonds along the value chain during the pilot of Tracr™, its industry blockchain platform, for the first time in May last year. A De Beers spokesperson Bianca Ruakere told Rough & Polished in an exclusive interview that...

13 may 2019

The perfect couple - platinum and diamonds

The Jewelry House of Leon Megé located in New York has long been firmly established in the jewelry market as a source of magnificent jewelry, in which platinum and diamonds often sparkle being married together and attracting everyone’s eyes, but are...

06 may 2019

The technology of growing single-crystal diamonds has now become industrial in nature

It is believed that the reserves of natural diamonds will be exhausted by the middle of the century, and therefore production of synthetic diamonds is rapidly gaining relevance. According to Business Insider India’s estimates, the global synthetic diamond...

29 april 2019

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...

22 april 2019

Diamcor latest tender achieves $308.06/carat

06 march 2019

news_10082018_diamcor.jpgDiamcor Mining has sold 1,220.23 carats of rough diamonds recovered from ongoing processing exercises performed at its Venetia Project, in South Africa for $376,000.
This, it said, resulted in an average sale price of $308.06 per carat, an increase of 76% compared to the company’s average price per carat of $176.16 realised on all rough diamonds tendered and sold to date.
The tender included the sale of a 44 carat gem quality rough diamond.
“We continue to be pleased with the results of our tenders, and this recent tender clearly demonstrates the positive impact that larger diamonds in the special category can have on our revenues,” said Diamcor chief executive Dean Taylor.
“With rough diamond tenders performing well, our stated focus has been on increasing volumes, and the further advancement of the project.”

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