Diamex Lab: Our technology allows you to trace the history of the origin of each stone

Gleb Sverdlov, CEO of Diamex Lab told Rough & Polished in his interview below about the development of IT technologies for the market of rough and polished diamonds and jewelry.

Yesterday

The future of the market goes hand in hand with gemology

After 2019, a challenging year for the global diamond industry, we asked Yuri Shelementyev, head of the Moscow State University (MSU) Gemmological Center and president of the National Gemological Association (NGA), to share his views...

10 february 2020

Diamond industry in healthier position going into 2020

The diamond industry is in a healthier position going into 2020 due to actions taken last year, according to De Beers. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa that the actions taken included reducing rough diamond production...

03 february 2020

Ethical sourcing and Diamonds Standards Organization

The diamond sector is ready to embrace a new decade and overcome some of its historical challenges. Ethical sourcing has proven to be undoubtedly one of the main aspects that industry professionals need to address. Antonio Cecere, President of Geneva...

27 january 2020

Ali Pastorini: Challenges make us think out of the box and be closer to customers

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

20 january 2020

SA’s West End Diamond Mine goes under the hammer

07 february 2020

The West End Diamond Mine, an underground diamond mine, in South Africa’s Northern Cape Province, is set to go under the hammer early next month.
The mine, which is currently owned by Rex Exploration, a consortium of owners who are calling it a day, according to Aucor Auction.
The mine, a traditional diamondiferous kimberlite pipe, has enough reserves to last at least another 20 years.

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  West End Diamond Mine                                                                                   Image credit: Aucor Bloemfontein
 
The rich diamond reserves were discovered in 1919.
Rex Exploration chief executive Christo Snyman said the mine was profitable since they took over the mine in 2003.
“All the requirements are in place, the mining right was issued on 13 December 2005 for a period of 22 years and is valid until December 13, 2027,” he said.
Snyman said they are currently working a single shift.
“I would say by working double shifts, 8000 tonnes of kimberlite can easily be mined and treated per month,” he said.
The company sunk a sub-vertical shaft to a depth of 220 m and unlocked reserves of 500 000 tonnes of kimberlite.
“In the 1960s, the De Beers Consolidated Mines drilled the pipe up to a depth of 1000ft,” said Syman.
“Proven reserves is thus 2.2 million tonnes.”
The grade, he said, is 15 carats per 100 tonnes, while the value of the diamonds was between $180 and $200 per carat.
West End is dominated by white to commercial white coloured diamonds and has a very low population of yellow and top light brown diamonds.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished from Cape Town, South Africa