Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

Indian gem and jewellery manufacturers have the skill and capabilities to cater to any market in the world

Besides spearheading the “White Paper” last year, Colin Shah, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) has been actively involved in the initiatives of the Council like MyKYCBank and many more… A first generation...

11 february 2019

The Indian gems and jewellery industry was progressing in the past and will certainly progress in the future

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India, is also the representative of the Gujarat G&J sector at various organisations as well as government authorities...

04 february 2019

The Russian Diamond Line: We do not believe that gifted persons would win through on their own

The Russian Diamond Line, a Moscow international jewellery contest of jewellery design, has been held for a decade already. At the end of the year, the results of the jubilee RDL-2018 contest were summed up, and on December 14, the prizewinners of the...

28 january 2019

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...

21 january 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