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It's our responsibility to capture the imagination of future generations towards diamonds

As CEO of Beverly Hills-based Grand Metropolitan - a privately-held luxury goods holding company with a 130-brand portfolio - Vin Lee carries the burden rather lightly on his shoulders. Having migrated from Canada as a baby, it did not take long for...

11 december 2017

‘Non-diamond producing countries shouldn’t lead KP’

Non-diamond producing countries should not lead the Kimberley Process (KP) as was the case last year with the United Arab Emirates (UAE), according to the African Diamond Council and African Diamond Producers Association chairperson...

04 december 2017

Jewellers’ Guild of Russia sees its mission in creating highly developed national jewellery market

In recent years, the Jewellers’ Guild of Russia has noticeably stepped up its activities. Eduard Utkin, General Manager of this Association told Rough & Polished about what is happening in the country’s jewellery sector, the tasks facing the community...

27 november 2017

Any color diamond is a great investment

Bruno Scarselli belongs to the 3rd generation of the Scarselli family, which has for the last half-century been producing and selling some of the world’s highest quality yellow, blue and pink diamonds available on the market. Bruno heads the company...

20 november 2017

It’s crucial everybody feels confident that their suppliers use the System of Warranties - Stephane Fischler

The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association...

13 november 2017

Lulo pockets $3.8m in first diamonds sale for 2017 – Lucapa

17 february 2017
Lucapa Diamond said it sold a parcel of 2,946 carats of Lulo diamonds from Angola for $3.8 million to mark its first sale for the year.
The diamond miner, which owns Lulo together with Endiama and Rosas & Petalas, said the stones sold achieved an average price of $1,276 per carat.
“The sale comprised diamond recoveries up to 31 December 2016, which included a 75 carat diamond that was recovered in November and a 55 carat diamond recovered in December,” company managing director Stephen Wetherall said in a note.
He said the diamonds sold by Lulo alluvial diamond mining company Sociedade Mineira Do Lulo through the Angola government’s SODIAM, were the first to be cleaned by the new diamond deep boiling facility installed at Lulo last December.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished

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