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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...

Today

‘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

Lucapa registered as 70pc shareholder in Mothae Diamonds

22 march 2017
Lucapa Diamond said it was registered as a 70 percent shareholder in Mothae Diamonds Limited (MDL), which holds the mining licence and other assets related to the advanced Mothae Kimberlite Diamond Project in Lesotho.
This development follows the issuance of a new 10-year mining licence to MDL for Mothae.
Lucapa had also made the first $400,000 payment to the government of Lesotho for its stake in MDL.
The also said that it had appointed its representatives to the board of MDL.
The representatives would include managing director Stephen Wetherall, chairperson Miles Kennedy and chief operating officer Nick Selby.
“In addition, Lucapa has appointed Mr Keith Whitelock and Mr Jan Venter to the MDL Board,” said Lucapa.
“Mr Whitelock is a former Chief Executive of Letšeng Diamonds and both he and Mr Venter have significant experience in diamond mine development in Lesotho.”
Meanwhile, the company said it had engaged independent consultants to convert the Canadian NI43-101 Mothae diamond resource to JORC 2012 compliant standards.
“This work is expected to be completed shortly,” it said.
Lucapa plans to bring Mothae into production within 12 months.

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

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