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...

Yesterday

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

Chasing a dream…

Elina Chan, MD of Shenzhen Shi Qing Yu Zhubao Ltd completed her higher education from Xiamen University and Master’s degree from Hong Kong University. To achieve her dream to start a business, Elina gave up numerous job opportunities in Hong Kong and...

06 august 2018

Pangolin Diamonds using termites to find kimberlite indicators in Botswana

It is not a secret that the rate of kimberlite discovery in Botswana has dropped considerably and research has shown that termites can help diamond explorers have an understanding of the transport mechanism of kimberlite indicator minerals from the kimberlite...

30 july 2018

In another fifty years, we’ll have a different scale of valuation, and all those items of natural origin – including diamonds – will sharply increase in price

Within the framework of the Qatar-Russia 2018 Year of Culture, the World Diamond Museum hosts an exhibition of the Qatar Museums at the State Historical Museum in Moscow – "Pearls: Treasures of the Seas and the Rivers," that opened on 11 July...

24 july 2018

Lucara Diamond’s Q1 core earnings drop 71.4pct to $1.4 mn

11 may 2018
Lucara Diamond’s adjusted earnings before interest, tax, depreciation and amortization (EBITDA) eased 71.4 percent to $1.4 million in the first quarter of 2018 compared to $4.9 million, a year earlier, according to the company’s first quarter financial results.
The company recorded revenues of $25.4 million during the period under review against $26.1 million in the comparative quarter, while earnings per share was $0.02.
It said revenue from EBITDA and earnings per share performance were as expected and reflect the overall timing of the company's sales tenders with a single tender held during the first quarter.
Lucara also produced 75,698 carats in the first quarter.
A total of 218 specials (single diamonds larger than 10.8 carats) were recovered including four diamonds greater than 100 carats in weight.

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