“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

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

Lucapa’s Lulo boosts Q2 output

26 july 2018
Sociedade Mineira Do Lulo (SML), which is 40 percent owned and operated by Lucapa Diamond, produced 5,058 carats of diamonds in the second quarter of the year, an increase of 20 percent from 4,203 carats produced, a year earlier.
The mine, according to Lucapa, also continued to regularly produce large and premium-value diamonds during the period under consideration, with the number of Special diamonds recovered growing 7 percent to 61, bringing to 118 the total number of specials produced in the first half of 2018.
It said the total weight of specials produced during the quarter jumped 18 percent to 1,412 carats, which saw the first half total rising 22 percent to 2,838 carats.
Meanwhile, SML earned $5 million from 3,413 carats of diamonds sold during the quarter at an average price of $1,479 per carat.
The company’s first half sales reached $15.9 million at $1,642 per carat.

Mathew Nyaungwa, Rough&Polished