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

“We'll only work with mines and suppliers that can prove full and unquestionable traceability”, assures David Zabinsky, CEO, TRIGEM

Armed with a Bachelor of Science in Government & Legal Studies, and Spanish from Bowdoin College (Maine, USA), a multi-faceted professional, David Zabinsky has both international public and private sector experience, most recently managing an...

06 november 2018

The diamond market sentiment is cautious at the moment, especially in Europe

Born in Switzerland, Angelika Mavridou relocated to Thessaloniki (Greece) with her family, only to establish her own business JEWELLS GALLERY LTD, which was later transformed to S.A. Prior to venturing into her own business, she studied Gemology...

29 october 2018

Zimnisky talks about pink diamonds, De Beers’ Lightbox

An independent diamond industry analyst and consultant said although exceptional and ‘one-off’ diamonds are hard to assign a value to them, the Pink Legacy will likely fetch $2.64 million per carat when it goes under the hammer next month in Geneva...

22 october 2018

Lucara rakes in $32.5 mln from exceptional stone tender

21 june 2018
Lucara Diamond said it earned $32.5 million from 1,453.06 carats, included two diamonds greater than 300 carats, sold at its 12th exceptional stone tender.

news_21062018_lucara.png
Image credit: Lucara Diamond


It said a 327.48 carat diamond was sold for $ 10.1 million or $30,900 per carat, while four diamonds were sold for more than $3 million each.
The company also sold 10 diamonds for more than $1 Million each.
"Lucara is very pleased with the outcome of EST12, which was comprised of diamonds produced during 2018, including several diamonds recovered from the EM/PK(S) unit during February and April of this year,” said Lucara chief executive Eira Thomas.
“The quality of Karowe's large diamonds continues to attract the attention of the World's foremost manufacturers and diamantaires with 29 companies attending the sale and 8 individual companies winning lots.”
Lucara had now sold 168 diamonds for more than $1 million and 10 single diamonds for greater than $10 million.

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