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 produces 3,089 cts at Mothae as ramp-up phase ‘progresses well’

18 january 2019

news_02072018_lucapa.pngLucapa Diamond said it produced 3,089 carats between November and December 2018 at its 70 percent-owned Mothae mine in Lesotho.
It processed 78,426 tonnes of kimberlite material from the South East domain during the ramp-up phase and the diamonds recovered included six stones weighing more than 10.8 carats.
These specials included D-colour white diamonds weighing 78 carats and 38 carats. 
“Significantly, these recoveries produced a recovered grade of 3.94 carats per 100 tonnes for the quarter – more than double the resource and forecast grades of 1.92 cpht and 1.83 cpht respectively,” said Lucapa.
“The production of large diamonds has continued post-quarter end, with three specials recovered to date in January 2019 already.”
Meanwhile, Lucapa said diamond production from its 40%-owned Lulo alluvial project in Angola was 1% down to 5070 carats in the fourth quarter of 2019 compared with 5,127 carats produced, a year earlier.
The drop was attributed to the processing of gravels from lower-grade areas.
It said Lulo alluvial mining company SML achieved gross revenues of $6 million from the sale of two parcels of Lulo diamonds during the quarter averaging $1,118 per carat, taking calendar 2018 sales to $26.4 million at $1,313 per carat.
Lucapa also said that it had a cash balance of $8.2 million at the end of December, of which $4.3 million was held at corporate level and $3.9 million at Mothae.

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