GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

Yesterday

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

Lucapa records H1 maiden profit of $3,25m, output soars

15 september 2016
Lucapa Diamond said it recorded a maiden profit after tax of $3,253,843 during the six months ended 30 June 2016 from a loss of $1,75 million a year earlier.
The company and its joint venture partners were focused on their Angolan diamond mining evaluation and exploration interests in the Lulo Project.
This project required ongoing evaluation and exploration work and funding until such time as mining operations produce sufficient cash flows to sustain operations.
Lucapa and its partners have continued to advance a kimberlite exploration programme at Lulo with the aim of locating the primary source or sources of the large premium-value alluvial diamonds.
“To date, the Lulo partners have identified approximately 300 kimberlite targets in two provinces with the Lulo concession, of which about 100 have been classified as proven or probable kimberlites with five confirmed as diamond-bearing pipes through the recovery of macro and micro diamonds,” it said.
The company said the area around mining block 8 and 6 remained the priority focus of the kimberlite exploration programme after geophysical gravity and electromagnetic surveys conducted at the L259 target during the June half year successfully defined a 78-108 hectare body consistent with the near-suarface expression of a kimberlite pipe or its crater.
Meanwhile, Lucapa and its partners achieved record diamond production of 5,668 carats at Lulo during the first half of the year, an increase of 105 percent compared with 2,765 carats produced a year earlier.
“The record production was on the back of a 145 percent increase in the alluvial material treated through the 150 tonne per hour diamond plant to 73,961 bulked cubic metres.
The average stone size also improved from 0.9 carats to 1.3 carats per stone, it said.

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