“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

24 june 2019

Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

17 june 2019

Design is the key to all markets

Besides being an astute businessman, Mumbai-born Laksh Pahuja is a designer par excellence known globally for his awe-inspiring unusual jewellery pieces. Trained at the Gemological Institute of India and Harrow College of Art England, Laksh combines...

10 june 2019

Mutual mass destruction will not serve anybody’s purposes

The recent moves by the U.S. Federal Trade Commission (FTC), including its letters urging some companies to abide to the revised edition of FTC Jewelry Guides and the explanations from FTC attorney Robert Frisby posted on the FTC website were...

03 june 2019

Pavel Sokolov: Every stone has its beauty

THE ‘GEMSTONES BY SOKOLOV’ brand has been popular for over 25 years. The aim of this company is to supply any kind of gem studs to the Russian market including the unique ones except diamonds of any cut. The product range by the SOKOLOV Company is very...

27 may 2019

Lucapa lifts June quarter output 20 pct to 5,058 ct

06 july 2018
Lucapa Diamond lifted its June quarter diamond output by 20 percent to 5,058 carats from the Lulo project, in Angola.

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Image credit: Lucapa Diamond


It produced 4,203 carats in the previous corresponding period.
The company said Lulo continued to produce large and premium-value diamonds during the quarter, with the number of special diamonds recovered up 7 percent to 61, bringing to 118 the total number of specials produced in the first half of the year.
Meanwhile, Lulo’s diamond inventory, which included several large high-value special diamonds, was up 61 percent to 2,755 carats at the end of the quarter.
This inventory, it said, was after sales totalling $5 million during the quarter and $15.9 million for the first half of the year.
These diamonds were sold at an average price per carat of $1,479 for the quarter and $1,642 for the first half of 2018.

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