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Lucapa to become a niche diamond company, says Wetherall

Lucapa Diamond believes that it will become the only company in the world with multiple diamond mining operations whose average diamond value is in excess of $1,000 per carat, once the Mothae mine is commissioned this year. Company chief executive and...

19 february 2018

Zimnisky: Diamonds lack fungibility to be a major investment product

Physical diamonds will never be a viable widespread investment product simply because they inherently lack fungibility, meaning they are all unique, according to Paul Zimnisky, an independent diamond industry analyst and consultant, who is based in New...

12 february 2018

Julien-Vincent Brunie: "Being surrounded by beauty and art is a privilege!"

This last December, shortly before Christmas, the Auction House of Christie's arranged a private display of jewelry in Moscow. The correspondent of Rough & Polished, who had an opportunity to visit this event, was able to admire a luxurious collection...

05 february 2018

Ali Pastorini: We would like meeting Mujeres Brillantes 2018 to be held in Russia

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 500 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

29 january 2018

Diamond Exchanges promote healthy development of the diamond industry, besides safe and basic infrastructures for diamond trade

Prior to joining the Guangzhou Diamond Exchange, Liang Weizhang served as a civil servant of Guangdong Entry-Exit Inspection & Quarantine Bureau as the director of the Kimberley Process Office. He participated in the KP Review missions to South Africa...

22 january 2018

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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