Part 1: KPCSC gives insight into illegal diamond mining, trading in Africa

Although the diamond watchdog Kimberley Process (KP) prides itself for significantly reducing the flow of conflict goods since its establishment in 2003, the Kimberley Process Civil Society Coalition (KPCSC) alleged that illegal diamond...

18 october 2021

The jewelry industry in Russia needs to be upgraded in a serious way

Dina Nasyrova is a vice-president of the International Jewelry Exhibition-Congress J-1 recently hosted by the Atrium of Gostiny Dvor in Moscow. As a partner and the Muse of the famous jeweler Ilgiz Fazulzyanov, she actively participated in the preparation...

11 october 2021

Smiling Rocks, a philanthropic business model, inspires companies to work for betterment of the world

Zulu Ghevriya, the CEO and Co-Founder of Smiling Rocks, Founder of Vedantti Jewellery and Managing Director of Prism Group has been in the diamond and jewellery industry for over 20 years. Zulu started his business, Prism Group, as a natural diamond...

04 october 2021

Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

27 september 2021

GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

BlueRock boosts H1 output, grade at Karevleei as loss narrows

21 september 2021
BlueRock Diamonds has recorded a 79% increase in carats produced at Kareevlei Diamond Mine in South Africa to 8,949 carats in the six months to June 2021 compared to 4,981 carats, a year earlier.
The company recorded a grade of 4.1cpht for the first half of the year a 33% increase over the first half of 2020’s 3cpht, which was low due to the development mining required to amalgamate KV1 and KV2 into one larger Main pit that required mining at higher levels and near the pipe edge.
BlueRock said it made an operating loss of £538,000 on turnover of £2.8 million compared with a loss of £1.5 million on turnover of £1.3 million in the first half of 2020. 
The reduction in the operating loss was due to the increased revenue arising from significantly higher pricing of diamonds produced from the Karevleei mine, improved grade, and increased production volumes, although it should be noted that 2020 was also impacted by the closure of the mine due to the coronavirus.

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