Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Lucapa ups average stone size recovery at Lulo, grosses A$8.1m in Q4 revenues

19 january 2016
Lucapa Diamond said it recovered 28 “special” stones weighing more than 10.8 carats each during the December quarter, from its alluvial diamond mining operations at Lulo in Angola.
The company operates the Lulo project in partnership with the state-owned diamond concessionary, Endiama and a private group, Rosas & Petalas.
It said in a statement to investors that the average stone size increased to 1.35 carats during the quarter under review from 1.2 carats in the September quarter.
Processing rates, it said, also leaped by 173 percent to 82,410 bulk cubic metres in the second half calendar 2015 as “the delivery of additional earth moving equipment enabled mining operations to be scaled up”.
The company said its kimberlite exploration programme focused on geophysical survey work at the “high-priority” L259 and L13/L15 kimberlites and surrounds that are said to be potential sources of the “large and valuable alluvial diamonds recovered from the adjacent Mining Block 8”.
Meanwhile, Lucapa grossed A$8.1 million in revenues from three diamond sales conducted during the quarter under review.
It said an average selling price of A$2,141 per carat was recorded during the quarter, making it the highest quarterly average achieved since mining commenced in January last year.

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