Diamonds across time

Not so long ago, the global library of professional publications on precious stones was replenished with a unique book about rare diamonds and diamond jewelry published by the World Diamond Museum. Alex Popov, the founder and director of the museum told...

Today

Academician Pokhilenko: The situation with rough diamonds in the Russian Federation will start changing for the worse as early as 2025

Nikolai Petrovich Pokhilenko, Academician of the Russian Academy of Sciences (RAS), Deputy Chairman of the Siberian Branch (SB) of the RAS, Scientific Director of the Institute of Geology and Mineralogy of the SB of the RAS, is a prominent...

11 january 2021

Ilgiz Fazulzyanov: For a creator, the quarantine is the time to work on future masterpieces

Ilgiz Fazulzyanov is a successful and internationally recognized jewellery designer. He received his academic art education in Kazan and moved to Moscow in the 1990s where he lives and works now. His brand, Ilgiz F., is well known among true connoisseurs...

04 january 2021

Botswana Diamonds keen to mine KX36 kimberlite if found commercial

Botswana Diamonds intends to mine the KX36 kimberlite, which it recently acquired from Petra Diamonds if found commercial. The high-grade KX36 kimberlite pipe is part of the three Prospecting Licenses in the Central Kalahari Game Reserve in Botswana...

28 december 2020

‘We expect to completely open the Bourse for business by Q1 of the Year 2022,’ assures Vallabhbhai Patel, Chairman, SDB

Vallabhbhai Patel, Chairman of the Surat Diamond Bourse, dreamed of building the world’s largest commercial building in Surat for the Indian diamond industry. He conceptualized the ‘Surat Diamond Bourse’ (SDB), which is set to redefine...

21 december 2020

Diamcor Q3 revenue leaps to $1,4 million

11 march 2020

Diamcor Mining realized $1,4 million in revenue from its Krone-Endora at Venetia project during the third quarter ended December 31, a slight increase when juxtaposed to $1,39 million, a year earlier.
“Sales increased during the current quarter when compared to the previous quarter despite limited processing volumes being achieved due to contract equipment reliability issues,” it said. “Extensive work during the quarter continued on further refinements to the project’s processing facilities by the new operational team, and on the replacement of previous contract equipment with new larger equipment from Caterpillar to enhance both reliability and processing volumes.”

news_11032020_diamcore.png
                               Image credit: Diamcor

Diamcor realised a price per carat of $106, against an average price per carat of $194 in the same period in 2018. 
It said the significantly lower average dollar per carat recorded during the current period was expected and a direct result of the short-term processing of tailings material to support the evaluation efforts being undertaken by the project’s new operational team to improve plant and final recovery efficiencies.
“Despite this short-term reduction in the average dollar per carat achieved, the refinement efforts and processing of tailings were nearing completion by the end of the quarter, and the company expects the average dollar per carat to return to historical norms early in 2020,” said Diamcor.
“Additional increases in the average dollar per carat due to the number of larger gem quality rough diamonds recovered or rough diamond market pricing improvement, both remain relevant over the longer-term.”
Meanwhile, the company said the project had demonstrated significant potential with regard to rough diamond quality, as well as the recovery of larger diamonds in the 10.8 carat plus special category.
The recovery of all rough diamonds to date, were incidental to the ongoing commissioning and testing and trial mining exercises.

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