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

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