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

Mountain Province announced results of its 4Q

21 december 2020
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Image credit: Mountain Province Diamonds

During the quarter, 956,348 carats were sold for total proceeds of $80.2 million (US$61.7 million) resulting in an average value of $83.82 per carat (US$64.53 per carat). The Company was very encouraged that it saw continued price recovery during the quarter with most sales categories finishing above pre-COVID-19 values. The Company has now concluded its rough diamond sales for 2020.
The Company is also pleased to report the recovery and successful bid for the largest gem quality diamond recovered to date from the Gahcho Kué mine located in the Northwest Territories, Canada.
The diamond is a 157.40 carat gem of exceptional quality and will be offered for sale during the first quarter of 2021.
Stuart Brown, the Company's President and CEO, commented: "The diamond industry has faced immense challenges during 2020 so to end the year with such a strong sales performance is very encouraging. Rough diamond prices, in the larger and better-qualities have been exceptional and pleasingly we saw further improvement in the smaller and lower quality diamonds which we believe will continue to strengthen in 2021." 
"The recovery of the largest ever diamond and the successful bid was certainly a boost to the morale of the Company. It shows that the mine, although a high-volume producer of predominantly smaller diamonds, does produce diamonds of exceptional size and quality."
 
Alex Shishlo for Rough&Polished