Consumers attracted to diamond jewelry more than ever

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

Yesterday

WDC actively supports initiatives from mine to retail; and also strives for support for the artisanal and small-scale miners - Edward Asscher, President, World Diamond Council

A member of one of the diamond industry and Amsterdam’s most well-known families, Edward Asscher was elected President of the World Diamond Council in June 2020 for a two-year term. Asscher is serving a second time as WDC President, having led the organization...

14 september 2020

Diamonds are one of the few things that have held human fascination in every nook and cranny of the world across time

Dr Usha R. Balakrishnan, a preeminent historian of Indian jewellery based in Mumbai, is Chief Curator of the World Diamond Museum. Being the author and co-author of several volumes of Diamonds Across Time, a new book and an important venture launched...

11 september 2020

Botswana Diamonds to bulk sample KX36 kimberlite, sees commercial potential

Botswana Diamonds recently acquired Petra Diamonds’ exploration assets in Botswana for $300000. The assets that were owned by Petra through its wholly-owned Sekaka Diamonds Exploration, include the KX36 project, a 3.5 hectare kimberlite that was a new...

07 september 2020

Indian diamond industry looks for recovery options

Webinars being the order of the day due to COVID-19 crisis, the Gem & Jewellery Export Promotion Council (GJEPC) of India organized a virtual meeting under its UNCUT 2020 Webinar series on 17 August 2020, inviting all stakeholders to discuss...

31 august 2020

Diamcor rakes in $271k from latest tender, continues with cost reduction measures

31 july 2020
Diamcor recently completed a tender and sale of 2,427 carats from its Krone-Endora at Venetia Project, in South Africa, generating gross revenues of $271,263.
The company recorded an average price of $111.87 per carat for the period.
“We were very pleased with the results of this tender given the higher dollar per carat was primarily associated with a higher percentage of larger, higher quality rough diamonds which were recovered just prior to the required shutdown of operations at the Project,” said Diamcor chief executive Dean Taylor.
“It was unfortunate timing, as the efforts undertaken by our new operational team were clearly demonstrating positive results...” 
Meanwhile, Diamcor said it is continuing with efforts to implement short-term operational changes and cost reduction efforts at its Krone-Endora since the lockdown directive associated with the COVID-19 virus was imposed on March 23.
The project had been under temporary care and maintenance for the past three months.
Diamcor said it continues to reduce, defer, and minimise costs, including management and director compensation, where possible, during the lockdown period.
“The company is also working with its corporate bank, and the South African government, in an effort to secure COVID-19 relief funds, to support the project’s return to day-shift operations when possible,” it said.

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