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

Endiama rules out additional investors for Luaxe kimberlite project

16 february 2017
Angolan state diamond company, Endiama said it is currently negotiating with its partner, Alrosa of Russia for the financing of the Luaxe kimberlite project and will not seek additional investors.
Endiama and the Russian diamond giant discovered Luaxe in 2015.
Macauhub quoted company’s chairperson Antonio Carlos Sumbula as saying that the diamond companies would raise the funds on their own.
Alrosa president Andrei Zharkov said last September that capital investments in Luaxe project during its mine life was estimated at $1 billion.
The project, which was expected to begin diamond production within three to four years, was projected to record an annual output of between 8 million carats and 10 million carats.
It was bigger than the Catoca, which currently produces about 80 percent of the country’s total diamond output.
Catoca, the fourth largest kimberlite in the world, was also partly-owned by Endiama and Alrosa.
Meanwhile, Sumbula said Endiama would slightly reduce production to improve revenue until Luaxe starts operating.
“When the company was producing 8 million carats revenue was $1.2 billion, but in 2016, with production of 9 million carats, revenue fell to $1.07 billion,” said Sumbula.
“Our intention is to work towards more revenue, based on a drop in production.”

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