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, 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