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

Lulo partners find kimberlite targets in river tributaries feeding into Mining Block 8

02 november 2017
Lucapa Diamond and its partners – Endiama and Rosas & Petalas – are advancing a systematic drilling programme to test priority kimberlite targets identified near the high-value Lulo alluvial diamond mining operations, in Angola.
The partners, said Lucapa, were now focusing drilling on the cluster of kimberlite targets located along tributaries draining from the south west into and around the prolific Mining Block 8 area, from where they had recovered and sold alluvial diamonds worth $61 million to date and continue to regularly recover large and premium value diamonds.
“Kimberlite exploration is a systematic process and our drilling teams continue to logically work through the priority kimberlite targets identified at Lulo with the aim of extracting kimberlite drill core for mineral chemistry analysis,” Lucapa managing director Stephen Wetherall.
“It is very encouraging that we are discovering new kimberlite pipes in river tributaries feeding into our Mining Block 8 alluvial area...”
He said they would continue to assess options to expand the scope and scale of their kimberlite exploration programme and to reduce the turnaround times on mineral chemistry analysis of the core.

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