Botswana Diamonds’ Campbell on Zim jaunt: We are interested in Kaapvaal Craton

Botswana Diamonds and Vast Resources, recently signed a memorandum of understanding to prospect for diamonds in Zimbabwe. The two companies will exchange information derived from past exploration on areas prospective for diamonds in the southern African...

09 july 2018

“Every Forevermark diamond has a unique inscription number which is an assurance that the diamond is beautiful, rare and responsibly sourced,” says Sachin Jain

Sachin Jain, President-Forevermark, joined the company - a wholly owned subsidiary of the De Beers Group - as the Head of Retail in 2010. He was swiftly promoted to the Managing Director in 2011… to later become the President in year 2013. Sachin started...

02 july 2018

In a world where transparency is more and more the standard, our business must address the lab grading issue willingly

Jeweler-Designer Arnaud Flambeau started his career in the jewelry business in 1993 at European Gold Company CLAL as Key Account Manager for the Jewelry Division, where he was in charge of international brands like Cartier or VCA and their subcontractors...

25 june 2018

Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

18 june 2018

The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018

SML boosts Q1 output to 4,507 ct

17 april 2018

Lucapa Diamond said first quarter output at Sociedade Mineira Do Lulo (SML) in Angola, which it owns together with Endiama and Rosas & Petras, grew 10 percent to 4,507 carats from 4,098 carats, a year earlier.
Diamond grade, it said, improved 26 percent to 7.3 carats per 100 cubic metres.
The mine recovered 58 specials or diamonds weighing more than 10.8 carats in the first quarter, a 53 percent increase on the previous corresponding quarter.

+100 carat Lulo diamond                                                                                      Image credit: Lucapa Diamond

The specials recovered included two +100 carat diamonds (116 carats and 103 carats), taking to 10 the total number of +100 carat diamonds recovered to date from Lulo.
Lucapa also said that SML sold two parcels of Lulo alluvial diamonds during the quarter weighing 6,242 carats for gross proceeds of $10.8 million.
This, it said, represented an average price per carat of $1,731.
SML had cash of $13.1 million as at 31 March, and a diamond inventory of 3,047 carats, up 20 percent on the corresponding quarter.

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


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