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

Lucara conducts diamond tender in Antwerp

18 june 2020
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Image credit: Lucara Diamond


Lucara Diamond is currently conducting an auction of its diamonds from the Karowe mine, in Botswana, according to a notice by the Bonas Group.
The auction, which is taking place in Antwerp, Belgium closes today (18 June).
The company announced last month that the government of Botswana had temporarily granted it permission to conduct sales in Antwerp.
It then rescheduled its second quarter tender which was originally scheduled to close mid-May in Gaborone to Antwerp.
Despite the challenges presented by the COVID-19 pandemic, the Karowe Mine continues to operate at full production levels, with social distancing and other critical health and safety measures designed to limit the spread of the virus being observed.
The global travel restrictions put in place to curb the spreading of Covid-19, has seriously affected diamond sales.
However, major diamond trading centres such as Antwerp and Dubai have since opened their trading floors.
Lucara realised revenue of $34.1 million from the sale of 86,178 carats in the first quarter of 2020, which was 10% lower compared to 95,053 carats sold for $48.7 million carats or $512 per carat, a year earlier. 
The decrease in the average price per carat sold and in total revenue achieved in the first quarter of 2020 was due to a combination of variability in quality of the stones available for sale along with lower achieved prices similar to those realised in mid-2019.  

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