Tshepo Molusi: South Africa establishes dedicated diamond retail shop in China

T3 Diamonds founder Tshepo Molusi told Rough & Polished’s Mathew Nyaungwa at the inaugural South Africa Diamond Show in Cape Town that the shop opened an opportunity for diamond manufacturers under the incubation to export their products to China. He...

Yesterday

Nosiphiwo Mzamo: South Africa’s State Diamond Trader to buy diamonds from other African countries

South Africa’s State Diamond Trader (SDT) is set to buy diamonds from other African countries starting with Botswana. SDT’s chief executive Nosiphiwo Mzamo told Rough & Polished’s Mathew Nyaungwa at the country’s inaugural diamond show, which...

10 february 2025

Edahn Golan: Halo effect from lab-grown diamonds driving high demand for large, 2-carat natural stones in the U.S.

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough & Polished's Mathew Nyaungwa in an exclusive interview that their research found a halo effect from lab-grown diamonds. He said the trend among lab-grown diamond...

27 january 2025

Paul Zimnisky: We will see a modest recovery in natural diamond demand and prices in 2025

According to Paul Zimnisky, an independent diamond and jewellery analyst and consultant based in the New York metro area, the natural diamond industry will see a modest recovery in demand and prices this year. Zimnisky said a moderate recovery would...

13 january 2025

African Diamond Council makes traceability its top priority, wants KP to embrace Authentia.io

The African Diamond Council (ADC) has made traceability its foremost priority and has been contributing to a traceability solution called Authentia.io for the last three and a half years, which is now ready to globally satisfy the traceability...

16 december 2024

Diamcor sets the tone for 2024

12 january 2024

Diamcor Mining believes that 2024 will be a year of considerable opportunity for it to refocus its efforts on the progress and growth of its Krone-Endora at Venetia project in South Africa.

According to the company, the project has always presented a compelling possibility due to its direct association with De Beers' Venetia diamond mine, which is widely regarded as one of the most productive diamond mines in the world.

Diamcor said that its major areas of focus for 2024 will be the continuation of trial-mining activities and the optimisation of operational efficiencies, with auxiliary diamond recoveries and sales revenue supporting the project's proposed work programs and sustained advancement.

It will also concentrate on the simultaneous advancement of additional bulk sampling in key areas of interest within the remaining 85% of the property to evaluate the probable extent and location of the known displacement of material from Venetia into these areas.

Diamcor will complete planned additions to the project's processing plant and recovery systems, as well as additional heavy equipment assets, to support significant increases in processing volumes and the potential for increased ancillary revenues while lowering long-term operating costs at the project.

The mining company said that it will continue to identify and evaluate possibilities that show the potential for further near-term production of natural gem-quality raw diamonds from non-conflict areas to support the company's future growth and shareholder value.

“We believe [that] with the recent events of the past few years now largely behind us, we are well-positioned in 2024 to now take advantage of the compelling opportunity that companies such as Diamcor have with the ability to provide gem-quality natural rough diamonds from non-conflict areas moving forward,” it said.

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