An alliance between a diamond producer and a diamond manufacturer in Russia is simply inevitable and necessary

What is a diamond manufacturer’s margin composed of? What is the profession of diamond processing engineer about? How much time does it take to become a diamond cutter? How does a polishing factory work? The Russian Cut, is it alive? Lightbox from De...

15 october 2018

High technologies make it possible to create a product that can be obtained in natural stones only for very big money

Andrey Zharkov, having left the position of President at diamond mining company Alrosa, has established and headed the Ultra C company, which will be engaged in the production of diamonds from the reactor. In this interview with industry news agency...

08 october 2018

The once unorganised domestic jewellery sector in India is now growing

A veteran businessman, former Chairman of Gem & Jewellery Council (GJC), Bullion Expert, a third-generation jeweller born with a silver spoon (or was it gold?) in his mouth, a perpetual optimist … yes, the list could go on. As the first...

01 october 2018

India is poised to become a major fine jewellery market in the near future - Pramod Agrawal, Chairman GJEPC

Pramod Kumar Agrawal, the current Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a successful entrepreneur in his own right. Despite belonging to a jewellery business family, with his father dealing in gemstones...

24 september 2018

Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 2018

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