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

Gem Diamonds boosts H1 Letšeng sales

22 june 2020

gem_diamonds_logo.pngGem Diamonds, which owns the Letšeng mine in Lesotho, realised an average dollar per carat of $1,707 in the first half of 2020 compared to $1,687 per carat, a year earlier.
It said a 13 carat pink diamond achieved $40,110 per carat, while a 61 carat white Type II diamond achieved $31,400 per carat. 
At least 15 diamonds were sold in the first half of 2020 for more than $1 million each and one diamond for over $5 million.
"The results of the latest tender for Letšeng's large diamonds are positive,” said company chief executive Clifford Elphick.
“With an average dollar per carat for the first half of the year of $1,707, and with certain stones selling above their anticipated post- Covid19 valuations, it is clear that there is a good level of demand for the high quality Letšeng diamonds."
Gem Diamonds conducted the tender in Antwerp and in strict compliance with Covid-19 health and safety protocols.   

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