Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 2018

Debate on the main issues affecting the diamond business is absolutely critical - Ernie Blom

Having taken part in the fruitful discussions with the world leaders at the Asian Summit held recently in Vladivostok, Ernie Blom, President, World Federation of Diamond Bourses (WFDB) now looks forward to taking the worthy inputs received at...

10 september 2018

Reflecting the nature of the industry, US jewellery market is significantly seasonal with great ‘ebb and flow’ in demand, opines Vin Lee

Vin Lee, CEO of Beverly Hills-based Grand Metropolitan, a privately-held luxury goods holding company had migrated from Canada as a child. And one can see that it did not take him long to ascend the US luxury world, establishing himself as a formidable...

27 august 2018

Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

20 august 2018

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 2018

Lucapa registered as 70pc shareholder in Mothae Diamonds

22 march 2017
Lucapa Diamond said it was registered as a 70 percent shareholder in Mothae Diamonds Limited (MDL), which holds the mining licence and other assets related to the advanced Mothae Kimberlite Diamond Project in Lesotho.
This development follows the issuance of a new 10-year mining licence to MDL for Mothae.
Lucapa had also made the first $400,000 payment to the government of Lesotho for its stake in MDL.
The also said that it had appointed its representatives to the board of MDL.
The representatives would include managing director Stephen Wetherall, chairperson Miles Kennedy and chief operating officer Nick Selby.
“In addition, Lucapa has appointed Mr Keith Whitelock and Mr Jan Venter to the MDL Board,” said Lucapa.
“Mr Whitelock is a former Chief Executive of Letšeng Diamonds and both he and Mr Venter have significant experience in diamond mine development in Lesotho.”
Meanwhile, the company said it had engaged independent consultants to convert the Canadian NI43-101 Mothae diamond resource to JORC 2012 compliant standards.
“This work is expected to be completed shortly,” it said.
Lucapa plans to bring Mothae into production within 12 months.

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