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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

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.

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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

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