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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 identifies 11 new electromagnetic kimberlite exploration targets at Lulo

27 july 2017

Lucapa Diamonds said an extensive 8,566 line km Time Domain Electromagnetic (TDEM) survey at Lulo Mine in Angola has identified 11 new electromagnetic (EM) conductive kimberlite exploration targets of up to 150 hectares with little or no previous magnetic signature.
Lucapa and its partners Endiama and Rosas & Petalas had been conducting a kimberlite exploration programme at Lulo, which seeks to locate the primary hard rock sources of the large and premium value Lulo alluvial diamonds.
The TDEM results had enabled the Lulo geological team to update the ongoing kimberlite drilling programme, said Lucapa.
Of the 11 new targets, five were located along drainage systems feeding into the Mining Block 8 area, which had been a regular source of large and premium-value, irregular shaped and jagged edged alluvial diamonds.
Lucapa said three of the new EM targets were located further south-east along the Cacuilo River near the L165-L170 kimberlite area.
This region, it said, was previously highlighted as an area of exploration interest due to favourable mineral chemistry results, including a micro-diamond and G10 garnets.
Meanwhile, Lucapa said kimberlite drilling at Lulo would continue for the remainder of 2017 with the aim of extracting core from the priority targets identified from the TDEM results.
“This systematic drilling programme will also include a planned deep hole at the L259 target, when ground conditions permit,” it said.

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

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