Chris Del Gatto: “We provide capital to smart companies”

Chris Del Gatto, CEO & Co-Founder of DELGATTO Diamond Finance Fund L.P., a New York-based non-bank lender to the diamond and jewelry industry, started his career as a diamond cutter when he was just 17. In his early 20’s, Chris went on to co-found a...

Yesterday

Lunhianga Project: "The forecasts for this year point to the production of about 100 thousand carats of diamonds"

Advanced information, by the coordinator of Endiama’s Lunhinga Project Management Committee, Adérito Gaspar, points to a drop in production due to the pandemic, but with good prospects in view of the potential of the kimberlites of Camatchia, in production...

19 october 2020

Crisis is the way to development

Maria Krasnova belongs to the second generation of the St. Petersburg jewellers. She is a daughter of Pavel Sokolov, the founder of ‘Samotsvety ot Sokolova’ (Gems by Sokolov), a jeweller and expert gemologist famous for his collection of unique...

12 october 2020

Gaetano Cavalieri: Diamond producers no longer insisting that clients purchase what they are offered

Dr. Gaetano Cavalieri has served for the past 19 years as president of CIBJO, the World Jewellery Confederation. Uniting national jewellery and gemstone associations from more than 40 countries, including Russia, and many of the industry’s major corporations...

05 october 2020

Worth of gold and diamonds

Initiatives in Arts and Culture and De Beers recently co-hosted a webinar on the worth of gold and diamonds. The webinar, which was moderated by Mickey Alam Khan, the founder and editor of Luxury Daily, featured Jeffrey Christian, founder and managing...

28 september 2020

ALROSA recovers 120+ carat diamond at Jubilee pipe

21 february 2017
ALROSA reported it has produced a 121.88-carat diamond at its Jubilee kimberlite pipe.
The diamond crystal has a yellowish tint, its dimensions are 28 х 18 х 19.5 mm.

The Jubilee pipe has been developed as an open pit since 1989, and accounts for the bulk of ore that Aikhal plant processes. In accordance with JORC, Jubilee reserves are estimated at 97 million carats of rough diamonds. Based on this assessment, mining at the pipe can be provided until 2030. The volume of diamond production for the first 9 months of 2016 was 8.3 million carats.
Aikhal Mining and Processing Plant is a producer of diamonds from the Jubilee, Komsomolsky and Aikhal deposits.
In 2016, the Aikhal plant produced 12.2 million carats of diamonds.