The Grib Diamond Mine: Geology, Ecology and Industrial Safety

Gennady Piven, First Deputy General Manager of AGD Diamonds JSC, talks about his work at the diamond fields in Yakutia and in the Arkhangelsk Province.

10 december 2018

I have a dream to see India become a world leader in high-end jewellery manufacturing - Sanjay Kothari

An industry leader who needs no introduction to the gem and jewellery industry is Sanjay Kothari…the former chairman of the GJEPC of India has held various positions in the Council including being Convener-Exhibitions for many years before becoming Convener-Promotions...

03 december 2018

Style always reflects culture

Reena Ahluwalia is a multifaceted artist …an award-winning jewelry designer, diamond painter, professor, speaker and a community builder and more. Recognized as one of the Top Masters of Jewelry Design and art in Canada, she has been creating jewelry...

26 november 2018

Botswana Diamonds’ Campbell on Alrosa exit: no exploration JV lasts forever

Botswana Diamonds is currently in talks with a major diamond producer interested in taking over a stake in Sunland Minerals previously owned by Alrosa. The Sunland joint venture was established in 2014 to test existing Alrosa exploration technology on...

19 november 2018

If real gems are replaced by artificial stones, it is not the difference in value that sellers may cheat you out, but the very idea that you are to obtain along with a jewelry piece made from a genuine stone

Elena Titova is the Director of the All-Russian Decorative Art Museum. The museum, which she heads, was founded fairly recently (less than 40 years ago), but it is one of the most popular and stylish museums of Moscow, famous, among other things...

12 november 2018

Lucapa raises $16.5 mn to advance diamond projects

10 april 2018
Lucapa Diamond has raised $16.5 million from a new cornerstone investor and existing shareholders to advance its diamond projects and continue delivering on its growth strategy.
It said in a statement that the placement would help it to “immediately launch” an extensive follow-up exploration program, including further drilling, at the Brooking diamond discovery in Western Australia’s West Kimberley region.

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Image credit: Lucapa Diamond Company  


Lucapa also said that the funding package was positive as it positioned the company to be a first mover in Angola as the country’s new president seeks to attract foreign direct investment by addressing key investment hurdles.  
“It provides a working capital buffer for the high-value Mothae diamond mine development and early bulk sampling program in Lesotho, which remains on budget and on schedule for commercial production in H2 2018,” said Lucapa.
The funding helped remove a perceived overhang in Lucapa shares associated with project funding concerns and enabled it to launch a buy-back of unmarketable share parcels held by more than 1,300 individual shareholders.
Meanwhile, Lucapa and its local Angolan partners were formulating a growth strategy at Lulo, to build on the “successful” alluvial mining operations and kimberlite exploration venture, said the company.
Lucapa had been operating in Angola for 10 years.
It recovered a 404 carat stone at the Lulo project, the biggest diamond ever unearthed in Angola.

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