This article follows a first part on magnetic jigging, which is a new method of minerals benefication. The idea of the magnetic jigging, the mathematical model of the dynamics of magnetic jigs, bed dynamics and the separation process for the batch jigging and results of the analyses of the suggested mathematical model were described in Part 1. The present part is devoted to the analysis of the continuous magnetic jigging when the horizontal velocity of the relative motion of the mineral particles corresponds to the laminar flow (Reynolds number, Re, up to 0.2) while the vertical motion of the mineral particle in jig corresponds to the transitional (Re from 0.2 to 1000-100 000) or turbulent (Re above 1000-10 0000) regime. The modeling of the drag force has been done by using the combination of the relationships for very low and very high Reynolds numbers for the theoretical simulation of the processes inside the jigging bed. The mathematical model has been developed and verified using familiar jigging data. The following results and conclusions have been obtained: (a) the proposed concept of the drag force enables us to model the settling processes for particles in the range of magnitude from 10 - 5 to 5 10 - 2 m; (b) the use of the proposed model of drag force for the jigging process modeling allows us to calculate the trajectories of the mineral particles inside jigging bed for conventional and magnetic jigging.