DiamondCorp revised plans for volume production at the mine Lace (Lace) in South Africa due to the difficulties encountered with the amount of ore being mined in the past month. Now the difficulty is likely to be maintained at least until the end of the year.
Extraction at a depth of 310 m the vicinity of the initial point of rock breaking has been limited due to the large kimberlite fragments falling in the zone with overhanging walls which became fragile due to the preceding generation, in said company.
Production was also difficult due to safety reasons because of the potential harm to workers or damage to the drilling rig from companies such collapses.
In DiamondCorp said that the tonnage for the period from September to December will be limited to an average of 14 000 - 15 000 tons of rock per month, and production capacity to an estimated 30 000 tonnes per month, is expected to be postponed until February 2017.
"It is important to note that the content of the diamond to which in July and August negatively impacted ore from areas K8 and K6, recovered in September, because the ore has been hit only a small amount of low-grade kimberlite," - noted in the company.
"Diamond content was in average 25 carats per hundred tons of ore at the planned 29 carats per ton stones size reached 19.4 carats, and the number of diamonds larger than 8 carats was satisfactory, including stone weighing 10.6 carat." - reported in DiamondCorp .
The company recently announced that it is looking for additional funding in the near future on the total amount of £ 500,000 to meet immediate financial obligations and to continue the diamond trade in the foreseeable future.
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All India Federation of dealers in precious stones and jewelery (All India Gems and Jewellery Trade Federation , GJF) expressed dissatisfaction with the Government's decision on how to make it compulsory to provide detailed information about the card INN (Permanent Account Number, PAN, taxpayer identification number) for all consumers, who buy jewelry more than $ 3,000.
"It is impractical and discriminate against 70% of rural consumers, including farmers, because they often do not have the personal number INN. We also call on the government to abolish the requirements of VAT when buying jewelry, and instead maintain the existing system of tax collection" on the spot " (tax collected at source, TCS) when you purchase products worth $ 3000-5000 ", - said chairman of GJF GV Sridhar (GV Sreedhar). He also said that there is a need to reduce import duties on bullion, precious stones, jewelry and accessories.
"The sector of precious stones and jewelery is not a source of clandestine income, because the product there is an extra charge of 15-20%. Meanwhile, the" dirty money "is usually used in the precious metals trade. Nowadays, jewelry buying not only for everyday use, but and for holidays, weddings and religious ceremonies "- Sridhar said.
The Government should conduct a more friendly policy towards the jewelry industry to the industry could develop and grow and, in turn, develop the economy of the country, he said.
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