Pavel Sokolov: Every stone has its beauty

THE ‘GEMSTONES BY SOKOLOV’ brand has been popular for over 25 years. The aim of this company is to supply any kind of gem studs to the Russian market including the unique ones except diamonds of any cut. The product range by the SOKOLOV Company is very...

Today

“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

Firestone Q3 output weakens as revenue rise on strong demand for special stones

29 april 2019

firestone_diamonds_logo.pngFirestone Diamonds said output at its Liqhobong diamond mine, in Lesotho dropped 37% to 155,206 carats during the third quarter ended 31 March 2019 compared with 224,947 carats, recovered the previous quarter.
The diamonds were produced at a grade of 18.0 cpht compared with second quarter’s 25.4 cpht.
The company said most of the mining during the quarter took place in the lower grade northern part of the pit.
Firestone chief executive Paul Bosma said mining will return to the higher grade, southern part of the pit, during the final quarter of the year. 
“Waste stripping is accelerating according to plan and we achieved our highest ever monthly tonnes moved in March,” he said.
Meanwhile, the company sold 211,368 carats during the period under review from the previous 191,735 carats, realising revenue of $16.8 million at an average value of $80 per carat.
“Besides continued strong demand for our special stones it was also encouraging to see a modest increase in pricing for the smaller, lower value goods at the March sale,” said Bosma.

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