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’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