Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 2018

Debate on the main issues affecting the diamond business is absolutely critical - Ernie Blom

Having taken part in the fruitful discussions with the world leaders at the Asian Summit held recently in Vladivostok, Ernie Blom, President, World Federation of Diamond Bourses (WFDB) now looks forward to taking the worthy inputs received at...

10 september 2018

Reflecting the nature of the industry, US jewellery market is significantly seasonal with great ‘ebb and flow’ in demand, opines Vin Lee

Vin Lee, CEO of Beverly Hills-based Grand Metropolitan, a privately-held luxury goods holding company had migrated from Canada as a child. And one can see that it did not take him long to ascend the US luxury world, establishing himself as a formidable...

27 august 2018

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...

20 august 2018

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

Lucapa unearths 89 ct yellow diamond from Mothae

02 july 2018
Lucapa Diamond has recovered an 89 carat yellow diamond from its 70 percent-owned Mothae diamond project in Lesotho ahead of commercial production in the second half of the year.
It said the diamond was recovered from the current bulk sampling programme at the mine as construction of the new 150 tonne per hour commercial diamond plant continued on schedule. 
“Having recently recovered a 25 carat yellow diamond from the previously untested neck zone in our bulk sampling program, we are tremendously encouraged that this 89 carat diamond was recovered from the south-east zone, an area of the Mothae kimberlite pipe where there has been very limited historical testing,” said Lucapa chief executive Stephen Wetherall.
“This underlines our belief in Mothae. It also vindicates Lucapa’s decision to commit resources to the additional bulk sampling program as construction of our new 150tph commercial diamond plant continues on schedule for commissioning in the second half of this year.”
Mothae’s bulk sampling programme was designed to expand and improve the current JORC Resource by processing areas of the kimberlite pipe which are either not included in the resource or where Lucapa believes there had been insufficient historical sampling.

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