“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

Lulo partners announce dividend payments and loan repayment

24 december 2018
During the General Assembly of Sociedade Mineira Do Lulo, a joint venture company between Lucapa Diamond, Endiama and Rosas & Petalas, the partners resolved to declare a $8 million distribution and loan repayment.

Image credit: Lucapa

As Lucapa owns 40% interest in SML, it will receive $1.6 million out of $4 million distribution to Lulo partners.
An additional $4 million will be used for the loan repayment to Lucapa.
The full sum will be paid from the cash reserves of SML.
The JV operates the Lulo alluvial mine, the world’s highest US$ per carat alluvial production.
It is the third year running that SML declares dividend to its stakeholders.

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg