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

“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

De Beers scaling up Tracr ahead of formal launch

De Beers tracked 100 high-value diamonds along the value chain during the pilot of Tracr™, its industry blockchain platform, for the first time in May last year. A De Beers spokesperson Bianca Ruakere told Rough & Polished in an exclusive interview that...

13 may 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