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 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