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Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

Yesterday

The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018

Our first priority is to better understand artisanal and small-scale mining - Elodie Daguzan

The Diamond Development Initiative (DDI), the organization dealing with the traditional diamond mining, recently announced the appointment of Élodie Daguzan as its first Goodwill Ambassador. Ms. Daguzan, who currently works as head of communication...

04 june 2018

Zimnisky on De Beers’ Lightbox: It’s a strategic, bold move that will benefit the entire natural diamond industry

De Beers shocked all and sundry end of May when it announced the launch of a new company called Lightbox Jewelry, which will market a new brand of laboratory-grown diamond jewellery in September. This effectively meant that the group had departed from...

01 june 2018

Tracking the provenance and lifecycle of a product is a natural and necessary evolution in our industry

A senior executive with a demonstrated history of working globally at management and board levels, Marcus ter Haar has been the Managing Director at Okavango Diamond Company (ODC), Botswana for about 10 months now, prior to which he held the...

28 may 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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