Colorless diamonds as an investment class are evolving beyond their traditional ability to preserve, relocate and pass on wealth

Antonio Cecere, the Founder & VP of Monaco Diamond Exchange dons many caps simultaneously. Currently, he is the President of Geneva Diamond Exchange, the President of Diamond Investment Club and the Principal of the Cecere Group. Antonio’s ability to...

15 april 2019

Jewellery with diamonds, even with small ones, sells better than without diamonds

The Yakut jewellery firm Kierge was set up 25 years ago on the basis of the jewellery workshop PKF Yakutrembyttekhnika which, in its turn, was founded way back in the 1970s. Over this period, Kierge turned into a well-established company successfully...

08 april 2019

Lucapa’s Wetherall on the past, present and the future

Lucapa Diamond chief executive Stephen Wetherall recently attended a mining conference, in Cape Town South Africa, where he met Rough & Polished’s Mathew Nyaungwa and granted him an exclusive interview. They discussed Angola’s first international diamond...

01 april 2019

India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...

25 march 2019

“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

18 march 2019

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