Lab-grown diamond jewellery sales to breach the 10% mark for the first time this year – Zimnisky

The supply and demand for man-made diamonds had been on an increase in recent years, much to the discomfort of the natural diamonds industry. Some companies in the mid-stream segment of the natural diamond industry are now involved in the lab-grown business...

28 november 2022

Diamond mining and diamond synthesis: Which is more efficient?

Vladislav Zhdanov - Professor at the National Research University Higher School of Economics and former Vice President of ALROSA (2015-2018). He is a physicist by profession. Vladislav Zhdanov was educated at the Ural Federal University (General...

21 november 2022

The success of TAGS over the past 5 years has encouraged many large tender houses to establish regular and sizeable tender operations in Dubai

Mike Aggett is an experienced Private Consultant with a demonstrated history of working in the mining and metals industry. Skilled in Luxury Goods, Business Planning, Sales, Gemology, and Jewelry, Mike is a professional who graduated from Dover College...

14 november 2022

It all starts with stones - it is they that give impetus, determine the image and embodiment

Maxim Selikhov is the founder of the SelikhoV Diamonds brand launched in 2006, and the company manufactures unique handmade jewellery with rare high-quality gemstones. He is also known as a collector of unique and large-size jewellery stones who considers...

07 november 2022

‘Our technologies – CVD machines and growing technology – are game changers’, asserts Arnaud Flambeau, Executive Chairman, 2DOT4 Diamonds LLC

Arnaud Flambeau is the Executive Chairman of ‘2DOT4 Diamonds LLC’, Dubai, a fully integrated lab-grown diamonds company. The Company provides rough 'as grown' diamonds, in-house polished IGI certified loose polished diamonds and high-quality...

31 october 2022

Angola’s Luaxe kimberlite to commence production next year

12 february 2016
Angolan diamond company, Endiama said it is elated with the recent discovery of what is considered the country’s largest kimberlite mine, which is expected to start production end of next year.
With a projected annual output of between 8 million carats and 10 million carats, the mine would lift Angola’s annual output beyond 16 million carats, generating more than $2 billion in revenues.
Company chief executive Carlos Sumbula told the African Mining Indaba in Cape Town that the kimberlite, which they found together with Russia’s Alrosa last year, was bigger than Catoca.
Catoca currently produces about 80 percent of the country’s total diamond output.
“I am happy to give you some good news that last year we found the biggest kimberlite in Angola,” he said.
“Luaxe is bigger than Catoca, which you know is the fourth largest kimberlite in the world.”
Although the data was still preliminary, Luaxe was expected to have a 30 year-lifespan and its reserves stood at about 350 million carats.
Endiama said prospecting would be completed mid-next year, while a technical, economic and financial feasibility study would be developed thereafter.
Luaxe was approved by the Angolan cabinet council last September.
Meanwhile, Sumbula reiterated the company’s calls for investment in diamond prospecting.
“Come and invest in diamond prospecting, so we can find kimberlites as big as Luaxe inside Angola,” he said.
Angola had 127 diamond prospecting projects available for investment.

Mathew Nyaungwa, Editor in Chief of the African Bureau, from Cape Town, South Africa, Rough&Polished