GJEPC will focus on demand generation for diamonds and jewellery in the next two years

Mr. Vipul P Shah, Vice Chairman, GJEPC and also CEO & Managing Director of Asian Star Co. Ltd. has a rich experience in the diamond industry. His business acumen and professional conduct have contributed significantly in transforming a diamond manufacturing...

13 july 2020

The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

06 july 2020

Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

Angola’s largest ever diamond found at Lulo

16 february 2016

Lucapa Diamond has recovered a 404-carat Type IIa D-colour gem at its Lulo diamond project in Angola.
The gem was regarded as the biggest stone ever to be recovered in Angola.
The previous record for Angola’s largest diamond was a 217.4 carat gem recovered from the Luarica mine in 2007.
Lucapa, which operates the project in partnership with Endiama, Angola’s national diamond company and private local partner Rosas & Pétalas, said the diamond was recovered from alluvial Mining Block 8 at Lulo.
The block had already produced more than 60 large special diamonds since mining commenced in this area last August.

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“We have always emphasised the very special nature of the Lulo diamond field and this recovery - together with the other 100-carat-plus diamonds recovered this year alone - is further evidence of that,” said Lucapa chief executive Stephen Wetherall.
“And while we continue mining these exceptional alluvial gems from Mining Blocks 6 and 8 at Lulo, we are also continuing to advance our systematic exploration program to find the kimberlite source of these diamonds.”
Endiama boss Antonio Carlos Sumbula said the recovery of the 404.2 carat diamond was “significant”.
“We are delighted to have recovered the biggest diamond ever found in Angola…,” he said.
Meanwhile, Lucapa chairperson Miles Kennedy told ABC that the "spectacular" white diamond could be valued at more than $20 million.
"We're not used to valuing 400-carat diamonds, but if we look at other diamonds slightly less weight than this, you're looking in the order of $20 million," he was quoted as saying.
Lulo was located within 150km of Alrosa-operated Catoca, which was said to be the world’s fourth biggest diamond mine and accounts for about 80 percent of Angola’s annual diamond production.

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