Exclusive
Ellah Muchemwa: ADPA to launch Africa's first diamond mining standard next year
The African Diamond Producers Association (ADPA), which is based in Luanda, Angola, and represents the interests of mainly African diamond producers and those with the potential to produce diamonds, will next year launch the Sustainable Development...
04 november 2024
Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future
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...
28 october 2024
Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki
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...
14 october 2024
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...
07 october 2024
Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products
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
Diamcor unearths 72.53 ct gem-quality diamond
The special rough diamond is currently being offered for tender and sale in Dubai and is expected to offset the lower-than-expected total carats sold in the initial sale of the quarter.
“The recovery of yet another larger gem-quality 72.53-carat rough diamond demonstrates the project’s continued potential to contain these higher-value rough diamonds even while operating below the project’s processing capacity,” said Diamcor chief executive Dean Taylor.
Meanwhile, the company sold 1,466.12 carats of rough diamonds during the current quarter, generating gross revenues of $294,696.73, resulting in an average price of $201.00 per carat.
Diamcor recovered about 1,500 carats of rough diamonds during this period which are currently being held as stock on hand.
“These rough diamonds, along with additional rough diamonds recovered prior to March 31, 2023, will either be tendered and sold in the quarter’s final tender and sale, or held as stock on hand at the end of the current period, and tendered in the company’s next quarter,” it said.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished