New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing...

Today

The majority of women don’t care whether their diamonds are mined or lab grown - Alex Popov, CEO of Âme

Alex Popov, President of the Moscow Diamond Bourse and former Chairman of the World Diamond Mark Foundation (WDMF) launched a new jewelry brand under the name of Âme focused on design and using lab grown diamonds to produce jewelry meant to meet...

14 january 2019

At IDE, we encourage innovation throughout the bourse and have even opened a technological incubator to host start-ups - Yoram Dvash

A first generation diamantaire, Yoram Dvash founded ‘Y Dvash Diamonds Ltd’ in 1991 in Israel. While the company grew and made progress under his leadership, Dvash joined industry organizations such as the Israel Diamond Manufacturers Association (IsDMA)...

09 january 2019

Cooperation and collaboration are the development trend of today

Pavel Grankin runs the Slava Group of companies and holds the Slava trademark (‘Slava’ means ‘Glory’ in Russian). He has graduated from the Mozhaisky Military Space Academy. He did his military service at the Plesetsk Сosmodrome from 1987 to...

04 january 2019

De Beers speaks on Zim invitation to explore for diamonds again

De Beers’ exploration team landed in Zimbabwe in 1993 and left in 2006, however, they first prospected for diamonds in Marange in the late 1990s. Harare, under the leadership of the then president Robert Mugabe, alleged that De Beers looted diamonds...

24 december 2018

Lucapa discovers new alluvial source of Lulo large, ‘premium-value’ stones

08 november 2018
Lucapa Diamond said it has discovered a new alluvial source of large and premium-value diamonds at its 40-percent owned Lulo diamond project in Angola.
Diamonds mined from the mine had been sourced predominantly from the terrace deposits along the Cacuilo River valley.

news_12072018_lucapa.png
Image credit: Lucapa Diamond


Lucapa and its partners, Endiama and Rosas & Petalas recently commenced exploring the extensive flood plains (leziria areas) along the 50km stretch of Cacuilo River valley within the Lulo diamond concession to determine whether these areas were also host to exceptional alluvial diamonds.
“The positive results from the first of these flood plain areas tested – adjacent to Mining Block 31 – where regular Specials (diamonds >10.8 carats) were recovered, demonstrate the potential to open additional and expansive new mining areas at Lulo,” said the company.
It said 17 specials, including an exceptional 55 carat Type IIa D-colour white, were recovered from first area of flood plains tested.
 A total of 1,502 carats recovered so far from 11,155 bulk cubic metres processed, achieving a diamond grade of 13.5 carats per 100 cubic metres.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished