Part 2: KPCSC wants Russia to help end impasse on new definition of conflict diamonds

In the first installment of this two-part exclusive interview with Shamiso Mtisi, the coordinator of the Kimberley Process Civil Society Coalition (KPCSC), we focused on illegal diamond mining in the continent and where the contraband ends up...

25 october 2021

Part 1: KPCSC gives insight into illegal diamond mining, trading in Africa

Although the diamond watchdog Kimberley Process (KP) prides itself for significantly reducing the flow of conflict goods since its establishment in 2003, the Kimberley Process Civil Society Coalition (KPCSC) alleged that illegal diamond...

18 october 2021

The jewelry industry in Russia needs to be upgraded in a serious way

Dina Nasyrova is a vice-president of the International Jewelry Exhibition-Congress J-1 recently hosted by the Atrium of Gostiny Dvor in Moscow. As a partner and the Muse of the famous jeweler Ilgiz Fazulzyanov, she actively participated in the preparation...

11 october 2021

Smiling Rocks, a philanthropic business model, inspires companies to work for betterment of the world

Zulu Ghevriya, the CEO and Co-Founder of Smiling Rocks, Founder of Vedantti Jewellery and Managing Director of Prism Group has been in the diamond and jewellery industry for over 20 years. Zulu started his business, Prism Group, as a natural diamond...

04 october 2021

Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

27 september 2021

BlueRock operates profitably as 2019 revenue jumps 190%

23 january 2020

blue_rock_logo.pngBlueRock Diamonds, which owns and operates the Kareevlei Diamond Mine in South Africa, accrued £4.1 million in revenue for the full year 2019, a 190% jump from £1.4 million, a year earlier.
The AIM listed diamond producer also operated profitably for the first time in the second half of 2019.
Its diamond production at Kareevlei was up 118% to 12,675 carats in 2019 compared to 5,805 carats, the previous year.
“We are proud of this key milestone, which is a testament to the implementation of the revised production strategy brought in by the company’s new management team in Q2 2019,” said BlueRock executive chairman Mike Houston. 
“… this strategy has focused on stabilising production ahead of maximising the exploitation of the resource.  To that end, we are developing plans to effect a further step change increase in production and lower unit costs.” 
BlueRock said it has been operating at near current capacity (40,000 tonnes per month) and continues to benefit from increased economies of scale and management remains focused on cost reduction. 
The unaudited cost per carat produced in the second half of 2019 fell to $275 per carat compared with the cost per carat for August and September 2019 of about $300.  
This compares to the sale price per carat in the fourth quarter of 2019 of $410. 
Revised guidance for 2020 is expected to be issued following finalisation of the company’s development plans, it said.

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