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It's our responsibility to capture the imagination of future generations towards diamonds

As CEO of Beverly Hills-based Grand Metropolitan - a privately-held luxury goods holding company with a 130-brand portfolio - Vin Lee carries the burden rather lightly on his shoulders. Having migrated from Canada as a baby, it did not take long for...

Today

‘Non-diamond producing countries shouldn’t lead KP’

Non-diamond producing countries should not lead the Kimberley Process (KP) as was the case last year with the United Arab Emirates (UAE), according to the African Diamond Council and African Diamond Producers Association chairperson...

04 december 2017

Jewellers’ Guild of Russia sees its mission in creating highly developed national jewellery market

In recent years, the Jewellers’ Guild of Russia has noticeably stepped up its activities. Eduard Utkin, General Manager of this Association told Rough & Polished about what is happening in the country’s jewellery sector, the tasks facing the community...

27 november 2017

Any color diamond is a great investment

Bruno Scarselli belongs to the 3rd generation of the Scarselli family, which has for the last half-century been producing and selling some of the world’s highest quality yellow, blue and pink diamonds available on the market. Bruno heads the company...

20 november 2017

It’s crucial everybody feels confident that their suppliers use the System of Warranties - Stephane Fischler

The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association...

13 november 2017

Lulo diamond sale rakes in $7.3m, says Lucapa

21 november 2017
Lucapa Diamond and its partners Endiama and Rosas & Petalas have sold 4 126 ct of diamonds from their Lulo project in Angola for $7.3 million.
The eighth alluvial diamond sale for the year averaged $1,770/ct.
The latest sale brought gross proceeds from Lulo diamond sales to date to $31.6 million at an average price per carat of $1,668.
Lucapa said the next sale of Lulo diamonds would include the 129 carat and 78 carat Type IIa D-colour gems that were recently recovered from Mining Block 6.
The sale, it said, would take place either next month or early next year.
Lucapa and partners had recovered eight +100 ct diamonds to date and the seventh in just two-and-a-half years of commercial mining from relatively low throughout rates.
The largest of these +100 ct Lulo diamonds was the 404 ct 4th February Stone, which produced a 163 ct flawless gem that forms part of a jewellery piece.
The stone recently fetched $33.7 million at a Swiss auction.

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

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