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...


Colorless diamonds as an investment class are evolving beyond their traditional ability to preserve, relocate and pass on wealth

Antonio Cecere, the Founder & VP of Monaco Diamond Exchange dons many caps simultaneously. Currently, he is the President of Geneva Diamond Exchange, the President of Diamond Investment Club and the Principal of the Cecere Group. Antonio’s ability to...

15 april 2019

Jewellery with diamonds, even with small ones, sells better than without diamonds

The Yakut jewellery firm Kierge was set up 25 years ago on the basis of the jewellery workshop PKF Yakutrembyttekhnika which, in its turn, was founded way back in the 1970s. Over this period, Kierge turned into a well-established company successfully...

08 april 2019

Lucapa’s Wetherall on the past, present and the future

Lucapa Diamond chief executive Stephen Wetherall recently attended a mining conference, in Cape Town South Africa, where he met Rough & Polished’s Mathew Nyaungwa and granted him an exclusive interview. They discussed Angola’s first international diamond...

01 april 2019

India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...

25 march 2019

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.

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