Demand will pick up once the season starts

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business...

14 october 2019

Prospects for discovering new diamond deposits in the Arkhangelsk Province are far from exhausted

ALMAZINTECH is engaged in technical auditing and comprehensive assessment of activities performed by exploration, diamond mining and gold mining businesses in Russia and other countries, as well as carries out research and development. It employs highly...

07 october 2019

Botswana Diamonds eyes expansion of Thorny River to include Marsfontein – Campbell

Botswana Diamonds, which has a 40% stake in Thorny River, through Vutomi, said there are plans to expand the project located in South Africa to include Marsfontein once a mining permit for the latter has been awarded. Company managing director James...

30 september 2019

Diamond knife and tender system: The tight-fisted paying twice?

LLC Kristalin is the only company in Russia that manufactures microsurgical diamond blades for domestic healthcare that meet international requirements and are used in ophthalmology, neurosurgery and plastic surgery. Mikhail Zhiltsov, the company’s Deputy...

23 september 2019

Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished...

16 september 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