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

ALROSA to Launch Udachny Underground Mine in July

19 june 2014

AK ALROSA mulls commissioning of underground mine at Udachny diamond pipe in Republic Yakutia which will become the fourth underground operation of the diamond miner and the largest mine in Russia, according to a statement by Alexander Makhrachev, CEO of Udachny mining and concentration complex, cited by PRIME.
Udachny diamond pipe has been successfully developed as an open-pit mine since 1971. However in 2016 open-pit mining will be stopped and the field will be operated as an underground mine. By 2019 the mine is expected to reach its full production capacity of 4 million tonnes of kimberlite ore per year.
"In the second half of 2014 we will proceed with concurrent mining with the primary focus to be put on preparing the ore body for mining. Production volumes will gradually increase since 2015, and by 2016 we will reach a volume of 2.4-3 million tones, to gain projected capacity of 4 million tonnes by 2019,"- said Makhrachev.
Udachny mine also includes a second pipe – Zarnitsa – located 22 km from the plant. Zarnitsa was opened in 1954, but its development only started in 1999. "We are developing the pipe at a slow pace, as the diamond grade there is 10 times lower than at Udachny pipe. Now we are engaged in cost reduction, finding cheaper methods of ore shipping to the beneficiation plant at Udachny complex,"- said Mahrachev.