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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

Rapaport to auction Sierra Leone 709 carat diamond

12 october 2017
Rapaport said it has been selected by the government of Sierra Leone as the marketing and sales agent of the 709 carat diamond, which was discovered by an artisanal miner last March in the village of Koryardu.
The group said in a statement that more than 50 percent of the stone’s sales value would directly benefit the community where the diamond was discovered and the people of Sierra Leone.
“We call on the worldwide diamond industry to bid generously for the Peace Diamond as it will bring vital infrastructure and benefit to thousands of Sierra Leone’s artisanal diggers,” said Sierra Leone president Ernest Bai Koroma.
He said the government was committed to ensuring a transparent and competitive auction process that would ensure fair market value for Sierra Leone’s diamonds.
The owner of the diamond, Pastor Emmanuel Momoh also said that the stone would greatly improve the lives of “our people”.
“This diamond represents our hope for a better future as the resources of Sierra Leone fund growth, development and jobs,” he said.
Meanwhile, Rapaport chairperson Martin Rapaport said he believed in the positive energy of the Peace Diamond and the great good it would do for the people of Sierra Leone.
“The lucky buyers of the Peace Diamond and the resultant polished Peace Diamonds can take pride in knowing that they have created a better life for tens of thousands of people,” he said.
“This is a diamond that makes the world a better place. This is a diamond with spiritual sparkle.”

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

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