International Diamond Conference "From mine to market", which took place on 19 and 20 March 2017 in Mumbai, offers much more key findings than expected.
On the first day of the conference, the participants from all continents and countries discussed a number of key issues of the diamond industry. Conference dedicated to the celebration of the 50th anniversary of the Council to promote the export of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC), showed that the discussion of the problems helps create different views of the participants in order to overcome the numerous obstacles that have plagued the industry.
Minister of Mines of India Piyush Goyal (Piyush Goyal), who addressed the audience with a keynote speech at the opening of the conference, believes that the diamond deposits in India should be developed to ensure that the nation has become, to some extent self-sufficient in terms of the supply of rough diamonds .
It was felt that Chidakva Walter (Walter Chidakwa), Minister of Zimbabwe mining industry, managed to attract the attention of the audience's emotional speech about how Africa was exploited and deprived of their mineral wealth for decades, while the countries and their population remained poor. He asked for support in creating jobs in Africa, at the same time ensuring the flow of diamonds to India.
In addition, the vice president of ALROSA Andrey Polyakov, as well as Executive Vice President of Global Sales sightholders De Beers Pol Rouli (Paul Rowley), spoke about the current operating status of the Company and its future plans.
Lawyer Rohan Shah elaborated on the problems of education in the industry, and all matters related to the regulation, the concept of tax havens, the laws relating to the diamond business worldwide and in India itself.
On the second day of the conference discussed the current state of the diamond industry, including survival in the absence of growth, marketing, retail, and other topics, and soon it turned into a real conflict zone because of the controversial speech Martina Rapaporta, who struck a chord with the Indian players Diamond industry, describing the style of work of the sector.
Sanjay Kothari (Sanjay Kothari), Vice-Chairman of the Board of KGK Group, spoke on the topic of survival in the industry with no growth and stressed the need for change and the struggle for growth and prosperity.
Ghanshiyam Dolakov (Ghanshyam Dholakia), managing director Hari Krishna Exports, was also very positive in their attitude, saying that a common focus on the core business is the only way of survival.
Auspicious moment was the meeting with the former Chairman of GJEPC Sandzhaem Kothari, who moderated the discussion with GIA, IGI, HRD and other industry bodies to certification of synthetic diamonds.
http://www.feedlisting.com/rss-feed-url/898215.html
1 comment:
In DiamondCorp noted that a new analysis of the Lace mine (Lace) in South Africa, the company owned 74%, showed that the total mine resources are 38.48 million tonnes of kimberlite to a depth of 920 m.
This is 16% higher than the valuation carried out in March 2012, when stocks were assumed to be at the level of 32.12 million tonnes to a depth of 855 m.
The assumptions about the content of the diamond on the project were based on the use of the grid on the rock processing plant with a 1.25 mm cell against the previous grid with a cell of 1.00 mm.
Although diamond content will be reduced, the cost of stones per carat is likely to grow, believe in the company.
When using a 1.25 mm mesh diamond content for the project is estimated at 9.39 million carats, compared to 13.39 million carats with mesh 1.00 mm.
In DiamondCorp noted that UK4 block at a depth of 230-370 m contained 2.21 million tons diamondiferous rock.
Production at this unit will be carried out for about 60 months, with 35 000 tonnes per month. The value of diamonds mined in the course of these operations, to be approximately $ 8.9 million and the internal rate of return - 59%.
"New data on resources and reserves provide greater confidence in evaluating the content and value of diamonds from the mine Leis, - said CEO Pol Laudon (Paul Loudon) -. This confirms the potential for high operating profitability with an increase in the depth of the mine development this factor. drew our attention to the project from the very beginning of its development. Estimates of diamond content are consistent with those we have received on UK4 block. Meanwhile, the price per carat of diamonds will be determined only after the start of sales in the An verpene in the last week of March. "
Post a Comment