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

DiamondCorp says Lace’s UK4 to commence production in H1 2015

01 august 2014

DiamondCorp said the scoping and mine design studies on the Upper K4 (UK4) block of its Lace diamond mine, in South Africa were completed and confirm the potential for commercial ramp up from underground kimberlite mining.
It said in a statement that this would likely commence the first half of 2015, six months ahead of schedule, with steady state production of 30,000 tonnes per month achievable by second half of next year.
Drilling of the UK4 block was ongoing and to date a mining block totalling approximately 1.5 million tonnes of kimberlite had been outlined, which can be mined by bottom up longhole open stoping, it said.
“Ongoing microdiamond analysis continues to confirm the UK4 Block contains high-grade kimberlite with the potential to yield up to 60 carats per hundred tonnes of ore,” said DiamondCorp.
It also said that a revised budget and schedule had been adopted to fund development of the UK4 Block from within existing project finance facilities.
Meanwhile, the company’s diamond sales for the six months ended June 30 reached 14,583 ct for proceeds of $909,611, equating to an average sales price of $62/ct.
At the reduced production rate, the tailings retreatment operation was breaking even and the plant was now operating in the optimal configuration for processing kimberlite from development as this ramped up over the next six months, the company said.  

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