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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

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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