Friday, Feb 22nd
Last update07:00:00 AM GMT
Improvements to industry regulations concerning responsible sourcing were the primary topic of discussion at the World Diamond Council’s (WDC’s) annual general meeting (AGM) in Mumbai, India, earlier this month.
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This is one of the six diamond engagement rings used in the test run of the TrustChain blockchain platform, one of multiple blockchains currently being tested in the diamond industry.
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According to a report from the Thomson Reuters Foundation, the majority of the affected miners are from the Democratic Republic of Congo, which borders Angola to the northeast.
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The Democratic Republic of Congo has condemned a crackdown on artisanal diamond miners in Angola which has allegedly seen dozens killed and Congo nationals expelled from the country in violation of agreements – a claim Angola denies.
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…the technology – known as “Clara” – would replace inefficient diamond sales through tender. It would also enable the company to sell third party diamonds as well as goods from its Karowe mine in Botswana.
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“A refreshing quarter from Petra Diamonds delivered a production beat across most of the mines including Finsch and Cullinan where production guidance had recently been downgraded,” said Tyler Broda, an analyst for RBC Capital Markets.
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Petra Diamonds Ltd said on Monday it has appointed Bernard Pryor and Varda Shine as non-executive directors with effect on January 1, 2019.
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The company recently announced the positive results of the independent preliminary economic assessment on the project, which estimates that 66-million carats of diamonds could be recovered in a surface mine over a 38-year project life.
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“Our objective is to grow the mining sector where it can continue to meaningfully contribute to our socio-economic development,” mines minister Tom Alweendo told AFP.
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