GJEPC will focus on demand generation for diamonds and jewellery in the next two years

Mr. Vipul P Shah, Vice Chairman, GJEPC and also CEO & Managing Director of Asian Star Co. Ltd. has a rich experience in the diamond industry. His business acumen and professional conduct have contributed significantly in transforming a diamond manufacturing...

13 july 2020

The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

06 july 2020

Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

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