“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

Today

De Beers scaling up Tracr ahead of formal launch

De Beers tracked 100 high-value diamonds along the value chain during the pilot of Tracr™, its industry blockchain platform, for the first time in May last year. A De Beers spokesperson Bianca Ruakere told Rough & Polished in an exclusive interview that...

13 may 2019

The perfect couple - platinum and diamonds

The Jewelry House of Leon Megé located in New York has long been firmly established in the jewelry market as a source of magnificent jewelry, in which platinum and diamonds often sparkle being married together and attracting everyone’s eyes, but are...

06 may 2019

The technology of growing single-crystal diamonds has now become industrial in nature

It is believed that the reserves of natural diamonds will be exhausted by the middle of the century, and therefore production of synthetic diamonds is rapidly gaining relevance. According to Business Insider India’s estimates, the global synthetic diamond...

29 april 2019

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...

22 april 2019

Lucapa’s Lulo to sell large diamonds through new marketing channels

18 september 2018

news_02072018_lucapa.pngLucapa said its 40 percent-owned Sociedade Mineira Do Lulo (SML) in Angola is set to sell certain select large premium-value diamonds in what will be the first Lulo production to be sold through the new marketing channels.
The new marketing channels were being introduced as part of Angola’s diamond sector reforms.
The diamonds set to go under the hammer include six top-colour Type IIa white diamonds weighing a total of 449 carats, along with a 46 carat pink diamond.
Lucapa said the large and premium-value diamonds were excluded from recent sales of Lulo diamonds.
A parcel of 2,531 carats was sold for $2.5 million, representing an average price per carat of $985.
“The discussions with our Angolan partners regarding the policy changes taking place in the Angolan diamond sector have reached a stage where we are now able to plan for the sale of these large premium-value Lulo diamonds held over from previous sales,” said Lucapa managing director Stephen Wetherall. 
“We look forward to marketing these exceptional diamonds as soon as the necessary arrangements are put in place to continue showcasing Angolan diamonds to the world.”
Meanwhile, Lucapa said it made its first export of diamonds from the Mothae kimberlite diamond mine in Lesotho.
The parcel of about 2,500 carats of diamonds recovered from the ongoing bulk sampling programme was exported to the global diamond trading centre of Antwerp in Belgium for cleaning and valuation.
The parcel includes yellow diamonds weighing 89 carats and 25 carats, as well as special diamonds of up to 28 carats and small light pink diamonds.

Mathew Nyaungwa, Rough&Polished