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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, partners expedite Lulo kimberlite exploration

01 june 2017
Lucapa Diamond and its partners have managed to speed up the Lulo kimberlite exploration programme in Angola following the end of the wet season, which restricted work during the last two quarters.
The ASX-listed company said that the availability of additional drilling rigs had also helped improve drilling across its priority targets, including L13, e14, L15 and L242.
“The major objective for us is to locate the primary kimberlite source or sources of the exceptional alluvial diamonds we have been recovering at Lulo. While it is still early days, we are already seeing very encouraging results in the coarse material and contained indicator minerals,” said Lucapa managing director Stephen Wetherall.
“The preliminary analysis of the TDEM (Time Domain Electromagnetic) data has already resulted in the discovery of the L14 kimberlite pipe, within our high-priority area and just 2km upstream of Mining Block 8 on the Caculio River."
He said the final analysis and interpretation of the TDEM survey data was expected to further refine existing targets and identify new targets to be drilled this year.

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

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