CAR Welcomes Progress Made At KP Intersessional Meeting

During the Intersessional Meeting of the Kimberley Process which took place from 18 to 22 June in Antwerp, the Central African Republic made substantial progress with the European Union Chair Hilde Hardeman and South Africa, Chair of the Working Group of the Monitoring Team, the CAR said in a statement. 

Notably, the Monitoring Team of the Central African Republic has agreed on shorter clearance deadlines for the export of diamonds. The approval procedures in the CAR must now be concluded within 7 days while still securing compliance with the Kimberley Process.

Sipho Manese, Chair of the Working Group of the Monitoring Team, declared at the closing ceremony of the intersessional meeting: “We are happy to announce that thanks to the expertise of the CAR Monitoring Team and all of its members, we have been able to agree on procedures for the processing of shipments which will only take place over a period of 7 days. […] We were therefore successful in cutting down the clearance time from 2 weeks to 7 days.”

Manese further noted that all parties involved will have to strictly adhere to these procedures.
Leopold Mboli Fatran, CAR Minister of Mines and Geology attended the meeting as a representative of the sector for his country and said “I am very satisfied with the progress made at the intersessional meeting. The discussions were very fruitful and so were the solutions agreed upon.” The Minister added that “2018 is a crucial year for the Kimberley Process and for the Central African Republic as the country is at a deciding stage in the reform of its diamond sector.” 

The CAR Delegation was reinforced by the presence of Peter Meeus, special advisor to the President and to the Minister of Geology and Mines, whose mandate is to assure proper due diligence processes within the CAR mining sector. This mandate was conferred to him with a presidential decree dated June 2, 2018. 

The Minister of Mines and Geology also indicated his willingness to host an Expert Mission in the CAR so that the controls that have been put in place in the country in compliance with the Kimberley Process can be properly assessed.

The Central African Republic will continue to improve compliance with the Kimberley Process in close collaboration with the EU KP Chair, South Africa who leads the Monitoring Working Group as well as with the United States which leads the CAR Monitoring Team.

Source:DCLA

CAR Welcomes Progress Made At KP Intersessional Meeting

During the Intersessional Meeting of the Kimberley Process which took place from 18 to 22 June in Antwerp, the Central African Republic made substantial progress with the European Union Chair Hilde Hardeman and South Africa, Chair of the Working Group of the Monitoring Team, the CAR said in a statement. 

Notably, the Monitoring Team of the Central African Republic has agreed on shorter clearance deadlines for the export of diamonds. The approval procedures in the CAR must now be concluded within 7 days while still securing compliance with the Kimberley Process.

Sipho Manese, Chair of the Working Group of the Monitoring Team, declared at the closing ceremony of the intersessional meeting: “We are happy to announce that thanks to the expertise of the CAR Monitoring Team and all of its members, we have been able to agree on procedures for the processing of shipments which will only take place over a period of 7 days. […] We were therefore successful in cutting down the clearance time from 2 weeks to 7 days.”

Manese further noted that all parties involved will have to strictly adhere to these procedures.
Leopold Mboli Fatran, CAR Minister of Mines and Geology attended the meeting as a representative of the sector for his country and said “I am very satisfied with the progress made at the intersessional meeting. The discussions were very fruitful and so were the solutions agreed upon.” The Minister added that “2018 is a crucial year for the Kimberley Process and for the Central African Republic as the country is at a deciding stage in the reform of its diamond sector.” 

The CAR Delegation was reinforced by the presence of Peter Meeus, special advisor to the President and to the Minister of Geology and Mines, whose mandate is to assure proper due diligence processes within the CAR mining sector. This mandate was conferred to him with a presidential decree dated June 2, 2018. 

The Minister of Mines and Geology also indicated his willingness to host an Expert Mission in the CAR so that the controls that have been put in place in the country in compliance with the Kimberley Process can be properly assessed.

The Central African Republic will continue to improve compliance with the Kimberley Process in close collaboration with the EU KP Chair, South Africa who leads the Monitoring Working Group as well as with the United States which leads the CAR Monitoring Team.

Source:DCLA

Losses Grow at South Africa’s Trans Hex

Trans Hex Group’s losses widened 2% to $13.9 million in the past fiscal year, reflecting the termination of its Lower Orange River mining operations.

The company halted production at the unprofitable LOR division in South Africa in October, and agreed in April to sell the assets to a firm called Lower Orange River Diamonds.

Revenue from LOR fell 54% to $15.3 million due to the mines Baken and Bloeddrif being on care and maintenance for a large part of the financial year ending March 31.

 Losses at the discontinued operations grew 81% to $15.9 million from $8.7 million last year.

Sales at Trans Hex’s continuing operations West Coast Resources in South Africa and Somiluana in Angola more than doubled to $14.3 million .

The miner recorded a $2 million profit at those assets, compared with a loss of $4.9 million a year ago.

Source: DCLA

Losses Grow at South Africa’s Trans Hex

Trans Hex Group’s losses widened 2% to $13.9 million in the past fiscal year, reflecting the termination of its Lower Orange River mining operations.

The company halted production at the unprofitable LOR division in South Africa in October, and agreed in April to sell the assets to a firm called Lower Orange River Diamonds.

Revenue from LOR fell 54% to $15.3 million due to the mines Baken and Bloeddrif being on care and maintenance for a large part of the financial year ending March 31.

 Losses at the discontinued operations grew 81% to $15.9 million from $8.7 million last year.

Sales at Trans Hex’s continuing operations West Coast Resources in South Africa and Somiluana in Angola more than doubled to $14.3 million .

The miner recorded a $2 million profit at those assets, compared with a loss of $4.9 million a year ago.

Source: DCLA

The De Beers Retail division removes diamond from the name

De Beers public brand identity, has been renamed ”De Beers Jewellers” to reflect the companys retail chain.

De Beers acquired fully the formerly known De Beers Diamond Jewellers in 2017. Which was a partnership with LVMH Moët Hennessy Louis Vuitton.

The London headquartered retailer announced Stephen Lussier, as De Beers executive vice president for marketing in charge of the operation.

Source:DCLA

The De Beers Retail division removes diamond from the name

De Beers public brand identity, has been renamed ”De Beers Jewellers” to reflect the companys retail chain.

De Beers acquired fully the formerly known De Beers Diamond Jewellers in 2017. Which was a partnership with LVMH Moët Hennessy Louis Vuitton.

The London headquartered retailer announced Stephen Lussier, as De Beers executive vice president for marketing in charge of the operation.

Source:DCLA

Lucara Sells Two Huge Diamonds at $32M Tender

Lucara Diamonds have sold two exceptional large rough diamonds at the $32.5 million tender.

The tender included a 327 carat rough diamond that sold for over $10 million USD.

Lucara said the 10 stones ranging from 40.4 carats to a 472.37 carat rough stone a combined 1,453.06 carats, sold for an average price of $22,356 per carat.

The top seller was the 327.48 carat white diamond, which earned $30,900 per carat total $10.1 million.

Another exceptional size 472.37 carat light brown stone also sold but the miner has not publish its price.

Source: DCLA