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Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...

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The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

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James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

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Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices

The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...

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Diamcor sells rough diamonds for $882.95/ct

08 september 2022
Diamcor Mining sold 1,836.52 carats of rough diamonds recovered from the processing of quarry material from Krone-Endora at Venetia Project in South Africa for more than $1,6 million.
This resulted in an average price of $882.95 per carat.
It said a 59.35-carat special rough diamond was part of the stones sold, which enhanced the overall average dollar per carat achieved in the second tender and sale of the second quarter.
In total, 3,776.33 carats have now been sold in the current quarter to date, generating gross revenues of about $2,1 million resulting in an average price of $556.08 per carat.
The gross revenues in the current quarter represent a 276% increase from the gross revenues generated in the previous quarter ending June 30, 2022.
Diamcor chief executive Dean Taylor said the company achieved strong results at the tender and sale, despite dealing with the significant challenges of operational interruptions and the resulting lower processing volumes caused by the rolling blackouts implemented by South Africa’s national power supplier, Eskom.
“The revenues achieved confirm the potential and value of recovering large gem-quality rough diamonds in the specials category, and with the country’s power supply now appearing to have stabilized, we look forward to increased processing volumes through to the end of this year and the potential of recovering additional large rough diamonds in the specials category,” he said.

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