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

Lulo diamond sale rakes in $7.3m, says Lucapa

21 november 2017
Lucapa Diamond and its partners Endiama and Rosas & Petalas have sold 4 126 ct of diamonds from their Lulo project in Angola for $7.3 million.
The eighth alluvial diamond sale for the year averaged $1,770/ct.
The latest sale brought gross proceeds from Lulo diamond sales to date to $31.6 million at an average price per carat of $1,668.
Lucapa said the next sale of Lulo diamonds would include the 129 carat and 78 carat Type IIa D-colour gems that were recently recovered from Mining Block 6.
The sale, it said, would take place either next month or early next year.
Lucapa and partners had recovered eight +100 ct diamonds to date and the seventh in just two-and-a-half years of commercial mining from relatively low throughout rates.
The largest of these +100 ct Lulo diamonds was the 404 ct 4th February Stone, which produced a 163 ct flawless gem that forms part of a jewellery piece.
The stone recently fetched $33.7 million at a Swiss auction.

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