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

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08 april 2019

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

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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

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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.

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