The Grib Diamond Mine: Geology, Ecology and Industrial Safety

Gennady Piven, First Deputy General Manager of AGD Diamonds JSC, talks about his work at the diamond fields in Yakutia and in the Arkhangelsk Province.

10 december 2018

I have a dream to see India become a world leader in high-end jewellery manufacturing - Sanjay Kothari

An industry leader who needs no introduction to the gem and jewellery industry is Sanjay Kothari…the former chairman of the GJEPC of India has held various positions in the Council including being Convener-Exhibitions for many years before becoming Convener-Promotions...

03 december 2018

Style always reflects culture

Reena Ahluwalia is a multifaceted artist …an award-winning jewelry designer, diamond painter, professor, speaker and a community builder and more. Recognized as one of the Top Masters of Jewelry Design and art in Canada, she has been creating jewelry...

26 november 2018

Botswana Diamonds’ Campbell on Alrosa exit: no exploration JV lasts forever

Botswana Diamonds is currently in talks with a major diamond producer interested in taking over a stake in Sunland Minerals previously owned by Alrosa. The Sunland joint venture was established in 2014 to test existing Alrosa exploration technology on...

19 november 2018

If real gems are replaced by artificial stones, it is not the difference in value that sellers may cheat you out, but the very idea that you are to obtain along with a jewelry piece made from a genuine stone

Elena Titova is the Director of the All-Russian Decorative Art Museum. The museum, which she heads, was founded fairly recently (less than 40 years ago), but it is one of the most popular and stylish museums of Moscow, famous, among other things...

12 november 2018

Lucara Diamond’s Q2 core earnings drop 36 pct to $36 mln

13 august 2018
news_18062018_lucara.pngLucara Diamond’s adjusted earnings before interest, tax, depreciation and amortization (EBITDA) eased 35.7 percent to $36.1 million in the second quarter of 2018 compared to $51.8 million, a year earlier, according to the company’s latest financial results.
It said the decreased EBITDA reflects lower revenues attributable to a smaller volume and lower average price of exceptional stones sold, as compared to the second quarter of 2017.
The company recorded revenues of $64.5 million for its two tenders in the quarter compared to $79.6 million, in the second quarter of 2017.
It also said lower revenues show natural variability in the number and quality of exceptional diamonds recovered in any quarter and the recent decision not to inventory exceptional diamonds over multiple production periods.
Lucara produced 81,507 carats in the second quarter from its Karowe mine in Botswana.
A total of 253 specials (single diamonds larger than 10.8 carats) were recovered during the period under consideration including 11 diamonds greater than 100 carats in weight.

Mathew Nyaungwa, Rough&Polished