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...

09 december 2019

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 sells diamonds for $114.51/ct

02 december 2019

news_10082018_diamcor.jpgDiamcor Mining sold 6,055.28 carats from its South African mine, which generated total gross proceeds of just above $693 000, resulting in an average price of $114.51 per carat.  
This brings the total rough diamonds sold to date during the company’s third fiscal quarter ended December 31, 2019 to 10,088.29 carats.
These tenders generated total gross proceeds of more than $1,1 million at an average price of $110.77 per carat.
An additional 3,306.40 carats will be sold at a third and final tender for the period in the coming weeks.  
However, Diamcor said the lower than historical average dollar per carat in these third fiscal quarter tenders continues to be the result of a higher percentage of smaller, lower quality rough diamonds being recovered due to the operational refinement exercises being performed.
“Price weaknesses in certain categories of the rough diamond market also contributed, to a lesser extent, to the lower dollar per carat average,” it said.
“The company remains confident that the average price per carat will increase to historical levels as the processing of mined material from the project’s quarry resumes through the refined processing facilities in the coming weeks.”

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