Revenue diamond company Diamcor Mining jumped 3 months until June 30, up to $ 1.9 million (2.4 million Canadian dollars), compared to $ 445,047 a year earlier.
According to Rapaport portal, Diamcor, which owns the site Krohn-Endora (Krone-Endora) Venice Project (Venetia) in South Africa, has increased the efficiency and volume of rock processing to compensate for the decline in diamond prices.
The average selling price of the stones had fallen to $ 142 per carat compared to $ 159 per carat a year earlier due to "general weakening" in prices for rough diamonds in the 2017 fiscal year.
In the reporting quarter Diamcor reported a profit of $ 29,991 against a loss of the same period last year to $ 550 106.
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Zimbabwe Consolidated Diamond Company (ZCDC) produced 387,551 carats in the first two months of its work.
There are sparse data with respect to the diamond mining company, however local newspaper NewsDay reported that ZCDC start diamond mining in March this year after the Zimbabwe government decided not to renew the licenses of six mining companies operating in Marange diamond area (Marange).
According to data released by the Secretary of the Ministry of Mines Gudianga Francis (Francis Gudyanga) at an event in Victoria Falls in March volumes ZCDC diamond sales totaled 156,168 carats, and in April of this year - 206 010 carats. The average value of diamonds was $ 55 per carat. Thus, the volume of the company's revenues amounted to $ 19.9 million.
Of this amount, $ 3.7 million were in the company's costs, according to Newsday.
"Until now ZCDC managed to achieve good results in terms of volume and value of diamonds in the first two months of its activity", - dismisses the Secretary of the Ministry.
"The main driver of the company's modernization was the technical processing plant breed with fluoroscopic device of the 5th generation Modernization of processing facilities is extremely important to ensure the profitability of the company." - he adds.
However, a spokesman for the ministry said that the investment in the Marange diamond companies made to their production capacity to consolidate, proved to be insufficient for diamond production from any source other than the alluvial deposits. On kimberlites it produces virtually no exploration, namely it provides a more stable opportunity for diamond mining.
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