De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

Yesterday

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

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