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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...

18 june 2018

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 to test flood plains for diamond-bearing gravels in Angola

28 may 2018
Lucapa Diamond said it will soon begin testing expansive flood plains in Angola, which are believed to host diamond-bearing gravels.

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Image credit: Lucapa Diamond


The company chairperson Miles Kennedy said in an address to shareholders that they were waiting for the country’s dry season before they commence the testing.
“While our mining to date has focused on the alluvial terraces along the Cacuilo River, we believe there is major potential for the flood plains to also host diamond-bearing gravels, which would open up large new mining areas,” he said.
The dry season, he said, would also enable the Lulo partners to step-up their kimberlite exploration programme.
“We plan to complete drilling of the remaining kimberlite targets, defined following the airborne TDEM survey, by the end of this year,” said Kennedy.  
He also said Lucapa was still in high-level discussions to assist the Angolan government achieve its goal of doubling diamond production.
Luanda and its state-owned diamond enterprises had committed to making changes that are likely required to secure the foreign investment and expertise needed to achieve this goal.
“Having operated in Angola for a decade, through some very difficult times, Lucapa is in a great position to benefit from these changes,” said Kennedy.
“We expect further progress this year.”
Kennedy said Lucapa continues to recover large and premium-value diamonds from new areas along the the Cacuilo River valley, which runs through our Lulo concession.
Recent recoveries from new mining blocks included a 46 carat pink, Lulo’s biggest coloured diamond to date, as well as a number of high-value Type IIa D-colour gem specials.

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

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