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, partners unearth eighth diamond greater than 100ct in Angola

16 november 2017
Lucapa Diamond and its partners Endiama and Rosas & Petalas have recovered an “exceptional” high-value 129.58 carat diamond from the Lulo diamond project in Angola.
The Type IIa D-colour gem, said Lucapa, was recovered was recovered from alluvial Mining Block 6 along with another large high-value diamond weighing 78.61 carats.
“This is the eighth +100 carat diamond the Lulo partners have recovered to date and the seventh in just 2.5 years of commercial mining from relatively low throughout rates,” said company managing director Stephen Wetherall.
“Explosive and erosive geological forces have deposited these very rare and valuable diamonds in a relatively localised area at Lulo. These localised recoveries, and other indicators, point to the huge potential of a large stone primary kimberlite source at Lulo.”
He said the partners would continue to “systematically” advance their efforts to locate the primary diamond source with an ongoing drilling programme funded from the strong returns being generated from the Lulo alluvial mining operations.
“Having started with a list of more than 200 anomalies, the Lulo partners are now working through a list of 70 prioritised drilling targets, systematically eliminating low interest kimberlites,” said Wetherall.
“We continue to assess ways to speed up this systematic drilling and sampling program – an approach we believe provides the best opportunity to unlock Lulo’s true value.”
The eight +100 carat diamonds recovered by the Lulo partners came from three different alluvial mining areas - Mining Blocks 6, 8 and 28 - spanning approximately 6km along the Cacuilo River.
The largest of the +100 carat Lulo diamonds, the 404 carat 4th February Stone, produced the 163 carat flawless gem which forms part of a jewellery piece that was sold in Geneva, Switzerland, this week.
 
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished