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

Lucara to sell 1100-carat diamond in H1 2017

29 december 2016
Lucara Diamond Corp. plans to sell the 1,109-carat Lesedi La Rona diamond during the first half of 2017. In June, the famous rough diamond failed to find a buyer at an auction.
The diamond missed its reserve price of $70 million at a Sotheby's as the highest bid came in at $61 million.
The stone, which is the second largest rough diamond ever recovered, is currently undergoing analysis to determine the most valuable way it can be polished. Lucara expects the analysis will be completed midway through the first quarter before it initiates another sales process.
The stone will not be placed on auction again, William Lamb, Lucara's president and CEO said to Rapaport News.
“We have not yet determined the best mechanism for the sales event. It will not be an auction,” Lamb said. The most likely format will be a single bid offer, which may or may not be sealed, Lamb added. He also ruled out partnering with another company as Lucara did when it sold the 813-carat Constellation diamond by retaining a 10 percent interest in the stone.
“We have had a significant number of people continue to show interest in the stone,” Lamb reported. Only those diamantaires who have directly requested it will be given the data ahead of an “exclusive sales event. We do not have a time for when this will occur but the hope is that we will be able to finalize its sale within the first half of 2017,” Lamb said.