“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

24 june 2019

Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

17 june 2019

Design is the key to all markets

Besides being an astute businessman, Mumbai-born Laksh Pahuja is a designer par excellence known globally for his awe-inspiring unusual jewellery pieces. Trained at the Gemological Institute of India and Harrow College of Art England, Laksh combines...

10 june 2019

Mutual mass destruction will not serve anybody’s purposes

The recent moves by the U.S. Federal Trade Commission (FTC), including its letters urging some companies to abide to the revised edition of FTC Jewelry Guides and the explanations from FTC attorney Robert Frisby posted on the FTC website were...

03 june 2019

Pavel Sokolov: Every stone has its beauty

THE ‘GEMSTONES BY SOKOLOV’ brand has been popular for over 25 years. The aim of this company is to supply any kind of gem studs to the Russian market including the unique ones except diamonds of any cut. The product range by the SOKOLOV Company is very...

27 may 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.

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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