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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

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

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