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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’s Lulo on track to break production target

17 november 2017
Lucapa Diamond, which has a 40 percent stake in the Lulo diamond project in Angola, said it is on track to break its record 2017 annual production target.
The diamond company and its partners, Endiama and Rosas & Petalas had set a target treatment rate of 240,000 bulk cubic metres (bcm) for 2017.
They treated a record 29,657 bcm of alluvial gravels from Lulo last month bringing their year-to-date treatment to 217,999 bcm, exceeding last year’s total of 189,333 bcm.
Diamond production for October was 2905 carats, bringing year-to-date carats recovered to 16,484 carats.
A total of 49 “specials” — diamonds weighing more than 10.8 carats — were recovered last month, the second highest number produced in a month at Lulo.
Meanwhile, Lucapa said a 163-carat stone from Lulo had fetched $33.7 million at a Swiss auction.
The diamond was the biggest gem cut from a record 404-carat stone discovered at Lulo in February 2016.
The 163-carat diamond took 11 months to cut and polish and was featured in a necklace designed by Swiss high end jeweller, de Grisogono.

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

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