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

Diamcor sells diamonds for $278.78/ct

26 april 2021
Diamcor Mining, which is processing quarry material at its Krone Endora at Venetia project in South Africa has sold 2,122.76 carats of rough diamonds for $591,733 at the first tender of its new fiscal year starting April 1, 2021.
The tender resulted in a combined average price of $278.78 per carat.
Diamcor said the average dollar per carat achieved for the balance of the 2,122.76 carats of rough diamonds tendered and sold, excluding the noted gem-quality 12.87-carat diamond, continued to remain strong, as in previous recent tender and sales, at $234.73 per carat.
Of the total diamonds placed under the hammer, 1,879.87 carats were tendered and sold in Dubai UEA, generating gross revenues of $564,189, resulting in an average price of $300.12 per carat.
Only 242.89 carats of the run of mine rough diamonds were sold to the South African State Diamond Trader, for gross revenues of $27,584, resulting in an average price of $113.57 per carat.
 "We are pleased with these excellent results, which are further confirmation of our ability to achieve strong dollar per carat and gross revenue numbers while continuing to operate on lower volumes due to the global Pandemic," said company chief executive Dean Taylor.
"Despite continuing to operate on a reduced basis to stringently manage costs, our ongoing planning and preparations to increase processing volumes remain a key focus."

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