The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

06 july 2020

Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

Johan Erikson: The industry needs to spend more on advertising and marketing

First Element is a fully independent Diamond Services Company registered in Belgium, Botswana, South Africa and Dubai. First Element is committed to providing a world class diamond service aimed at adding value to the entire supply chain, from the daily...

08 june 2020

BlueRock says diamond prices 'not hit hard’ by COVID-19

30 june 2020
Image credit: BlueRock Diamonds

BlueRock Diamonds says prices of its diamonds were not badly affected by the COVID-19 pandemic as initially anticipated.
Company finance director David Facey was quoted by Proactive Investors as saying that they sold 2400 carats at a private sale earlier this month and recorded an average price of $290 per carat.
“We would have expected for that parcel an average price of around $330 per carat…so it’s not bad as it could be,” said Facey.
The parcel did not contain any notable high value diamonds.
He also said the Kareevlei mine, in South Africa is currently running at around 500,000 tonnes a year.
BlueRock production volume also went up 70% to 323,000 tonnes in the year ended 31 December 2019 compared to 190,000 tonnes, a year earlier.
Its average grade rose 32% to 4.34 cpht from 2018’s 3.28 cpht.
The Aim-listed diamond company’s revenue leaped 190% to £4.1 million in 2019 compared to £1.4 million in 2018.
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.

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