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

BlueRock Diamonds more than doubles 2019 revenue

23 june 2020
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Image credit: BlueRock Diamonds

BlueRock Diamonds, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa, has more than doubled its revenue for the year 2019.
The Aim-listed diamond company said its revenue leaped 190% to £4.1 million in the year ended 31 December 2019 compared to £1.4 million, a year earlier. 
It sold 12,675 carats during the year under review, a 124% jump from 5,657 carats in 2018. 
Its average price per carat also jumped 24% to $415 per carat from the previous year’s $334.
“The prices for our diamonds were stable for much of the year and BlueRock with its high-quality diamonds continued to build its brand,” it said.
Meanwhile, BlueRock production volume was also up 70% to 323,000 tonnes compared to 190,000 tonnes, a year earlier.
Its average grade rose 32% to 4.34 cpht from 2018’s 3.28 cpht.
“Total ore mined was 60% up on 2018 with the majority of ore for the year mined out of KV1,” said BlueRock.
“In developing KV1 we have established it is approximately 25% bigger in surface than declared in the Resource Statement set out in the Competent Person’s Report dated August 2013.”
The group said it has put in place a new sales channel in the most liquid diamond market in the world and amended its operating strategy to align mining activity with the revised levels of activity to minimise near time cash costs without endangering the long term future of the mine.

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