Our main role is to inspire consumers to consider diamonds - Jean-Marc Lieberherr

With over 25 years of experience in a variety of leadership positions across many geographies, functions and businesses, Jean-Marc Lieberherr has more than 10 years’ experience as a diamond industry leader, which includes as a Board member of the World...

Today

Training in diamond valuation is key for artisanal miners

Ian Rowe, the Executive Director of the Diamond Development Initiative (DDI) was appointed in September 2019, having joined DDI as Deputy Executive Director a year earlier. Ian managed field operations in Sierra Leone within this role and led...

02 december 2019

Kangalassi 2.0: Raising the living standards, creating new jobs

At the V Eastern Economic Forum (EEF) held in early September in Vladivostok, the Yakut company SAYBM signed a tripartite agreement with two agencies - the Far Eastern agency and the regional one - for attracting investments and providing export...

25 november 2019

We live in a new dimension of environmental responsibility carried by business

In mid-October, Moscow hosted the VIII Ecological Forum attended by representatives from the State, large industrial companies, scientific and public organizations. The forum delegates discussed the issues related to finding a balance between the socio-economic...

18 november 2019

De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

11 november 2019

Diamcor Q2 revenue down on limited processing volumes

15 november 2019

news_10082018_diamcor.jpgDiamcor Mining has realised $560,059 in revenue from its Krone-Endora at Venetia project, in South Africa during the period ended September 30, 2019 compared to revenues of $726,846, realised during the same period in the prior fiscal year.
It said the decrease in sales during the current quarter was a result of limited processing volumes due to contract equipment reliability issues experienced early in the quarter, as well as the timing of rough diamond tenders during the period. 
“Extensive work during the later portion of the quarter was undertaken to further refine the project’s processing facilities, implement a new operational team, and on efforts to replace the existing contract equipment provider with new providers and larger equipment to enhance both reliability and processing volumes,” said Diamcor.
It realised a price per carat of $146 during the period under review, compared to an average price per carat of $278, recorded in the same period in 2018. 
The average dollar per carat during the current period was in line with company expectations due to continued weakness in various categories of rough diamonds.
Diamcor said the potential for increases in the average dollar per carat due to increases in the number of larger gem quality rough diamonds recovered, and rough diamond market pricing improvement moving forward, remain relevant as the project continues to demonstrate the potential of the deposit.

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