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Ali Pastorini: Selling just the idea of glamour is no longer enough

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

21 may 2018

Diamonds are shifting from occasional to daily wear

Joy Alukkas started his first jewellery showroom in UAE in the year 1987, and today the Joyalukkas Group is a multi-billion global conglomerate with varied business interests. Beginning with a single jewellery room in Abu Dhabi, Joy Alukkas has grown...

14 may 2018

GJC has played a crucial role in the last 10 years in improving the compliance level in the industry

Coming from a renowned family of jewellers based in Akola, Maharashtra, Nitin Khandelwal heads Khandelwal Jewellers (Akola) Pvt Ltd. He has interests in the Plastic industry, Real estate, Health & Recreation and Cold storage industries as well...

07 may 2018

Johnson: ASM diamond sector a potential new source of supply for De Beers

De Beers recently said that it is planning to pilot a programme called GemFair that will create a “secure and transparent route” to market for ethically-sourced artisanal and small-scale mined (ASM) diamonds. GemFair would partner with the Diamond...

03 may 2018

Zimnisky: Hard to protect lab-diamond price as production methods, economics improve

Paul Zimnisky, an independent diamond industry analyst and consultant, said it will be very difficult for the lab-diamond manufactures to protect price as production processes and economics improve. He told Rough & Polished’s Mathew Nyaungwa in an exclusive...

23 april 2018

Lucara Diamond’s Q1 core earnings drop 71.4pct to $1.4 mn

11 may 2018
Lucara Diamond’s adjusted earnings before interest, tax, depreciation and amortization (EBITDA) eased 71.4 percent to $1.4 million in the first quarter of 2018 compared to $4.9 million, a year earlier, according to the company’s first quarter financial results.
The company recorded revenues of $25.4 million during the period under review against $26.1 million in the comparative quarter, while earnings per share was $0.02.
It said revenue from EBITDA and earnings per share performance were as expected and reflect the overall timing of the company's sales tenders with a single tender held during the first quarter.
Lucara also produced 75,698 carats in the first quarter.
A total of 218 specials (single diamonds larger than 10.8 carats) were recovered including four diamonds greater than 100 carats in weight.

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

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