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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...

Today

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

Lulo partners find kimberlite targets in river tributaries feeding into Mining Block 8

02 november 2017
Lucapa Diamond and its partners – Endiama and Rosas & Petalas – are advancing a systematic drilling programme to test priority kimberlite targets identified near the high-value Lulo alluvial diamond mining operations, in Angola.
The partners, said Lucapa, were now focusing drilling on the cluster of kimberlite targets located along tributaries draining from the south west into and around the prolific Mining Block 8 area, from where they had recovered and sold alluvial diamonds worth $61 million to date and continue to regularly recover large and premium value diamonds.
“Kimberlite exploration is a systematic process and our drilling teams continue to logically work through the priority kimberlite targets identified at Lulo with the aim of extracting kimberlite drill core for mineral chemistry analysis,” Lucapa managing director Stephen Wetherall.
“It is very encouraging that we are discovering new kimberlite pipes in river tributaries feeding into our Mining Block 8 alluvial area...”
He said they would continue to assess options to expand the scope and scale of their kimberlite exploration programme and to reduce the turnaround times on mineral chemistry analysis of the core.

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

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