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...

Today

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

Mothae mine exceeds first-year production targets – Lucapa

31 january 2020

lucapa_logo.pngLucapa’s 70%-owned Mothae kimberlite mine, in Lesotho recorded quarterly production of 9,834 carats in the December 2019 quarter, taking its full year output to 30,107 carats in its first year of production, which was 45% ahead of plan. 
The ASX-listed company said the new plant at Mothae regularly operated above its 1.1Mtpa nameplate capacity in its first year of operation. 
Lucapa said there is further scope to optimise plant throughput and thus increase carat production in 2020.
“It was particularly pleasing to see our new Mothae mine exceed its first-year production targets by such a healthy margin…,” said Lucapa managing director Stephen Wetherall.

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Image credit: Lucapa
  
Mothae’s production mix for the quarter included a record 167 diamonds +4.8 carats in weight, including 46 specials and two +100 carat diamonds. 
Lucapa said a total of 11,888 carats of Mothae diamonds were sold at tender during the quarter for gross sale proceeds of $7.1 million.
This took total sales concluded in 2019 to $16.5 million at an average price per carat of $575. 
Mothae had a diamond inventory of 4,284 carats at the end of the quarter. 

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