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Showing posts with the label gem & jewellery industry

CIBJO releases Coral Report!

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Coral Commission Special Report looks at research into sustaining and repopulating precious coral reefs The eighth and the final of the CIBJO commissions' Special Reports have been released. Prepared by the CIBJO Coral Commission, headed by Vincenzo Liverino, the report looks at a variety of topics related to precious coral reef sustainability, including government regulation of harvesting, research into methods for repopulating depleted areas, the use of DNA and Blockchain in achieving traceability, and online education. "The industry encourages the enforcement of the current regulations and, as more scientific data on existing [precious coral] populations becomes available, hopes that harvesting and conservation practices be adapted so that resources are better managed, which is in the best interest of not only the ecosystem, but also the trade," writes Mr. Liverino. The special report highlights a number of research projects currently underway in Ja

Firestone rough diamonds sale up by 168%

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Firestone sales fancy pink at US$112781 per carat Recently Firestone Diamonds, a new diamond producer with operations focused in Lesotho, announces its final audited results for the year ended 30 June 2018. Their key mine is Liqhobong Diamond Mine & that ran with Zero lost time injury record maintained with over 6.2 million man hours worked since project; commencement in July 2014 throughout the year! Over all first full year of production characterised by exceptional operational performance & that says about 128% increase in diamonds recovered to 835 832 carats against the 365 891 carats of 2017. 18% increase in grade to 22.0 carats per hundred tonnes and 5% decrease in operating costs to US$11.62 per tonne treated compare to 2017 of US$12.26. 168% increase in carats sold to 831 637 carats compare to 2017 sales of 310 376 carats. Largest diamond recovered to date-until  September 2017 was a 134 carat gem-quality light yellow diamond; and most valuable diamo