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

Lucapa to test flood plains for diamond-bearing gravels in Angola

28 may 2018
Lucapa Diamond said it will soon begin testing expansive flood plains in Angola, which are believed to host diamond-bearing gravels.

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Image credit: Lucapa Diamond


The company chairperson Miles Kennedy said in an address to shareholders that they were waiting for the country’s dry season before they commence the testing.
“While our mining to date has focused on the alluvial terraces along the Cacuilo River, we believe there is major potential for the flood plains to also host diamond-bearing gravels, which would open up large new mining areas,” he said.
The dry season, he said, would also enable the Lulo partners to step-up their kimberlite exploration programme.
“We plan to complete drilling of the remaining kimberlite targets, defined following the airborne TDEM survey, by the end of this year,” said Kennedy.  
He also said Lucapa was still in high-level discussions to assist the Angolan government achieve its goal of doubling diamond production.
Luanda and its state-owned diamond enterprises had committed to making changes that are likely required to secure the foreign investment and expertise needed to achieve this goal.
“Having operated in Angola for a decade, through some very difficult times, Lucapa is in a great position to benefit from these changes,” said Kennedy.
“We expect further progress this year.”
Kennedy said Lucapa continues to recover large and premium-value diamonds from new areas along the the Cacuilo River valley, which runs through our Lulo concession.
Recent recoveries from new mining blocks included a 46 carat pink, Lulo’s biggest coloured diamond to date, as well as a number of high-value Type IIa D-colour gem specials.

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