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 Diamonds boosts Q2 output at Kareevlei

13 july 2021
AIM-listed diamond producer, BlueRock Diamonds, which owns and operates the Kareevlei Diamond Mine in South Africa produced 5,442 carats during the second quarter of 2021, an increase of 117% compared to 2,510 carats, a year earlier.
It sold 5,106 carats during the quarter, a 112% jump from 2,413 during the same period in 2020.
"It is difficult to compare production and sales numbers versus 2020 where COVID-19 impacted materially on the operations and the market,” said BlueRock executive chairperson Mike Houston. “However, the second-quarter figures are very pleasing with the tonnes processed a record and achieved whilst the operation is transitioning to the new plant.”  
“Furthermore, the grade has been consistent and the average size and quality of diamonds excellent as reflected in the sales price achieved.”
The company executive chairperson said BlueRock Diamonds will continue to develop the main pit in preparation for the projected higher tonnages in the second half of the year once they have commissioned the new plant, which will enable to hit their run-rate production target of 1Mtpa and annual revenue of about $16 million assuming a grade of 4 cpht and an average sale price of $400 per carat.  
Meanwhile, BlueRock said the market has remained firm throughout the quarter with a strong buyer presence at the local tenders and a robust demand for the Kareevlei product. 
“The overall market outlook is positive with a tightness on the rough diamond supply side and a growing retail sector as global economies continue to open up,” said Houston.

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