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 Q1 diamond prices stronger than pre-COVID period

22 april 2021
BlueRock Diamonds, the AIM-listed diamond producer, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa, has recorded stronger diamond prices in the first quarter of the year.
Company executive chairperson Mike Houston said their diamonds averaged $446 per carat for the quarter, which is significantly higher than the $327 per carat recorded during the pre-COVID period last year and the average for 2019 of $415.
BlueRock sold 4,004 carats in the first quarter, an increase of 23% from 3,267 carats in the first quarter of 2020.
"During the quarter, we sold four large carat diamonds, which generated [more than] $50,000 each for a total of $381,000," he said.
Houston also said that production levels were up in the same period last year, despite the adverse weather conditions.
The company produced 3,507 carats, a 40% rise compared to 2,503 carats, a year earlier.
"We are still targeting production [over] the bottom end of our existing guidance of 850,000 tonnes for 2021 although, for prudence, we are reducing our published guidance for 2021 of tonnes processed to 750,000 tonnes to 850,000 and carats produced to 30,000 to 39,000," he said.
"Once the expansion project is complete, annual throughput will be circa 1 million tonnes."

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