De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...


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

Lucapa’s Lulo diamonds set for historic sale in Angola

15 january 2019

Sociedade Mineira Do Lulo (SML) is set for a historic international competitive bid process for the sale of diamonds from the Lulo mine in Angola, according to Lucapa Diamond, which has a 40 percent stake in the mine.
The sale would be organised in Luanda by SODIAM, the state-owned company responsible for the trading of diamonds in Angola. 
Seven exceptional Lulo diamonds would be offered individually, including a 46 carat pink and six top-colour Type IIa white gems ranging from 114 carats to 43 carats. 
“Thanks to the positive marketing reforms introduced by Angolan president Lourenco and his government, the competitive event scheduled to close on 31 January will mark a significant milestone for both the Lulo mine and Angola’s diamond mining sector,” said Lucapa chief executive Stephen Wetherall.  
“Lulo diamonds have already established a reputation as being among the highest quality gems in the world. Together with our Angolan partners, Lucapa is delighted that SML will now start showcasing these exceptional diamonds to the strong interest shown by the world’s leading diamantaires.”
Angolan mineral resources minister Diamantino Azevedo said the sale marked the turning point in the trading of diamonds in the southern African country, reflecting greater flexibility and transparency.

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