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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!"

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05 february 2018

Ali Pastorini: We would like meeting Mujeres Brillantes 2018 to be held in Russia

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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 discovers more diamonds at Brooking project

15 january 2018

Lucapa Diamond Company said it recovered more diamonds at its 80 percent-owned Brooking project, in Western Australia.
The company, which also has stakes in Angola’s Lulo project and Lesotho’s Mothae project, said 119 diamonds, including seven macro-diamonds of up to 1.0mm were recovered from microdiamond analysis of 86.8kg of core sample from the one hole drilled at Little Spring Creek prospect.
Little Spring Creek was located within 50km of the Ellendale diamond mine, which, when in production, produced more than 50 percent of the world’s annual supply of fancy yellow diamonds.
Lucapa said Little Spring Creek results enhanced the prospectivity of the other proximal targets at Brooking where diamonds and indicator minerals were also recovered in previous surface sampling programs.
 “The high concentrations of micro-diamonds and macro-diamonds recovered from the Little Spring Creek drill core sample is extremely encouraging and the counts are very similar to the MIDA results from the Ellendale E9 and E4 diamond pipes 50km west in the West Kimberley lamproite field,” said Lucapa managing director Stephen Wetherall.
Lamproite pipes were a known host of diamonds in the West Kimberley region.
Wetherall said the objective of the drilling programme was to identify lamproitic material from targets identified during earlier surface sampling.

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

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