Demand will pick up once the season starts

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business...

14 october 2019

Prospects for discovering new diamond deposits in the Arkhangelsk Province are far from exhausted

ALMAZINTECH is engaged in technical auditing and comprehensive assessment of activities performed by exploration, diamond mining and gold mining businesses in Russia and other countries, as well as carries out research and development. It employs highly...

07 october 2019

Botswana Diamonds eyes expansion of Thorny River to include Marsfontein – Campbell

Botswana Diamonds, which has a 40% stake in Thorny River, through Vutomi, said there are plans to expand the project located in South Africa to include Marsfontein once a mining permit for the latter has been awarded. Company managing director James...

30 september 2019

Diamond knife and tender system: The tight-fisted paying twice?

LLC Kristalin is the only company in Russia that manufactures microsurgical diamond blades for domestic healthcare that meet international requirements and are used in ophthalmology, neurosurgery and plastic surgery. Mikhail Zhiltsov, the company’s Deputy...

23 september 2019

Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished...

16 september 2019

BlueRock registers record production at SA diamond mine

10 july 2019

bluerockdiamonds_logo.pngBlueRock Diamonds produced 3,516 carats at its the Kareevlei Diamond Mine in South Africa in the second quarter of 2019, which is four times than the 875 carats it produced, a year earlier.
It recorded a grade of 4.46 carats per hundred tonnes during the period under review compared to 2.45 carats per hundred tonnes the same period, in 2018.
Company executive chairperson Mike Houston attributed the growth to an impact that their new chief executive at Kareevlei and his team had made. 
“The immediate impact of the new team gives us confidence in our ability to take production to the next level,” he said.
“Once we have achieved our key objective of operating the company profitably, which we expect to happen in the second half of 2019, we will explore how to increase production volumes further to the optimum level which the resource can comfortably sustain.”
BlueRock’s average price for the period was $430 per carat on sales of 2,517 carats from 875 carats sold at $305 per carat in the second quarter of 2018.
A 24.9 carat stone was sold for $190,000 in June.
The company’s revenue jumped to $1.08 million in the second quarter from $270 000, a year earlier.

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