Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

BlueRock lifts Q3 output, grades at Kareevlei despite Covid-19 pandemic

15 october 2020
Image credit: BlueRock

BlueRock Diamonds has lifted its third-quarter diamond output at the Kareevlei diamond mine, in South Africa by 40% to 5,577 carats compared to 3,973 carats, a year earlier.
The record output was recorded despite the COVID-19 pandemic, which at some point forced production to be suspended at the mine.
Company executive chairperson Mike Houston said volumes had been strong even though they are still using an old plant. 
“The increase in grade to 4.51 cpht is particularly pleasing as it follows a period of low grade whilst we concentrated on creating the Main Pit; we are confident that we will be able to meet or exceed our long term guidance of between 4.0 cpht and 4.6 cpht,” he said.
However, diamonds sold in the third quarter eased 8% to 3,803 carats compared to the previous year’s 4,139 carats.
The diamonds were sold at an average price of $330 per carat, which is a 28% price decrease from the third quarter of 2019.
Houston said BlueRock estimate that the average price per carat was approximately 10% down on the comparative period in 2019 excluding higher value stones. 
The price per carat in the third quarter in 2019 reflected the sale of four high-value stones that were sold for $450,000, while only one higher value stone sold in the third quarter this year raked in $104,000.
Meanwhile, Houston said the expansion project at Kareeevlei was underway and the new plant was expected to be commissioned by the end of the year as planned. 

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