GJEPC will focus on demand generation for diamonds and jewellery in the next two years

Mr. Vipul P Shah, Vice Chairman, GJEPC and also CEO & Managing Director of Asian Star Co. Ltd. has a rich experience in the diamond industry. His business acumen and professional conduct have contributed significantly in transforming a diamond manufacturing...

13 july 2020

The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

06 july 2020

Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

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