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’s Lulo on track to break production target

17 november 2017
Lucapa Diamond, which has a 40 percent stake in the Lulo diamond project in Angola, said it is on track to break its record 2017 annual production target.
The diamond company and its partners, Endiama and Rosas & Petalas had set a target treatment rate of 240,000 bulk cubic metres (bcm) for 2017.
They treated a record 29,657 bcm of alluvial gravels from Lulo last month bringing their year-to-date treatment to 217,999 bcm, exceeding last year’s total of 189,333 bcm.
Diamond production for October was 2905 carats, bringing year-to-date carats recovered to 16,484 carats.
A total of 49 “specials” — diamonds weighing more than 10.8 carats — were recovered last month, the second highest number produced in a month at Lulo.
Meanwhile, Lucapa said a 163-carat stone from Lulo had fetched $33.7 million at a Swiss auction.
The diamond was the biggest gem cut from a record 404-carat stone discovered at Lulo in February 2016.
The 163-carat diamond took 11 months to cut and polish and was featured in a necklace designed by Swiss high end jeweller, de Grisogono.

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