“With technology all information is immutable and Blockchain cannot be compromised,” reassures Erik Jens, CEO, LuxuryFintech

When Erik A Jens quit ABN AMRO as global CEO of its diamond and jewellery client division, he started his movement called LuxuryFintech, which provides services such as commercial and corporate banking solutions for the art and jewelry sector, and asset-backed...

Yesterday

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...

18 january 2021

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

BlueRock Diamonds more than doubles 2019 revenue

23 june 2020
news_23062020_bluerock.png
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