Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

Yesterday

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 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