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

“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

18 march 2019

Lucapa’s Lulo earns $4.2 mln from latest diamond sale

20 november 2018
Lucapa Diamond said the Lulo project in Angola, which it owns with Endiama and Rosas & Petalas, has raked in $4.2 million from 3,411 carats sold at an average price of $1,220 per carat.
This had lifted Lulo diamond sales to $24.5 million since the beginning of the year, it said.
Lucapa said the latest sale of the alluvial diamonds from Lulo excluded a select parcel of seven large and premium-value stones and these would be sold at a later date in the fourth quarter.

news_21052018_lulo.png
Image credit: Lucapa Diamond


Lulo had produced large and premium value diamonds, including more than 760 specials (large diamonds weighing more than 10.8 carats).
These diamonds include 11 +100 carat stones.
Lulo was also a source of high-value coloured diamonds, with production including a 46 carat pink and a 43 carat yellow.
Alluvial mining and exploration activities at Lulo were focused on a 50km stretch of the Cacuilo River which runs through the 3,000km2 Lulo concession.

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